Tell everyone you know you want to get into it and that you will work for free.

If you’d like to explore these options or have questions about financing, feel free to reach out! 

I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

Take a bit of that money and invest in learning - go to meetups and the many events that take place related to investing in the city - some for free and some paid.

A few thoughts on that:1) The reason those accounts are “administratively unfeasible” is that they were so cheap that nobody (like say Inspira) wanted them, even for free.

My sister lives in Houston and has free time so I did briefly look into it last year and did not really love what I saw. 

Feel free to drop a comment or send me a message.

@Martti Eckert I live in Los Angeles and have done a handful of BRRRRs in Missouri so feel free to reach out with any lending related questions to pulling off BRRRRs in Ohio. 

Also feel free to reach out to me with any questions.

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