The only costs are hourly wages to an assistant to respond to the tenants if something comes up like a question about the online payment portal system or something else.

Hello all,My name is Slavik and I'm a new out-of-state investor looking to invest in Jacksonville, FL.Currently focusing on single-family houses, without a specific strategy in mind.

It's not like other markets where all info is online and everything is super fast and easy.

Keep in mind you will probably have a deductable to pay first.

Quote from @Rory Darcy: Hi guys my name is rory, pretty new to this im an out of state investor residing in new york, looking to invest in wisconsin and illinois, currently looking to build my portfolio around multi family duplexes or single family residencies, would be great to connect with like minded investors or agents who can lend a hand.Rookie investors should not invest out of state.

The population is officially growing again, and there’s been a lot of investment in infrastructure and development in recent years, which makes it unique compared to some other Midwest markets.One thing to keep in mind, though, is that Detroit is very much a block-by-block city.

Invest in as long as it takes you to write a check, do a wire transfer, or even an online bill pay4.

Here to rub minds and learn from everyone

To start your journey, I recommend focusing on building your network by joining meetups and engaging in online forums, while narrowing down your first investment based on your budget, market, and goals.

Be mindful of the harsh winters and short construction seasons, which can affect project timing.