Then you need to employ the tactics of a value add real estate investor.

To invest in these markets, connect with investors, research neighborhoods with stable employment, good schools, and low vacancy rates, and leverage local expertise.Good luck!

Local jobs did not care that I ran a successful business for 25 years as there was no specific skill set to transfer into relatable employment.

- Are there any additional costs for leasing, maintenance, or other services?

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Additionally, I would plan to travel to the area every 4-6 weeks to handle any major issues and find new potential investment properties.

I'm going to have an attorney review my lease agreement, but all the documentation that I have came with my BiggerPockets MANAGING RENTAL PROPERTIES book a few years ago, pre-pandemic...and it's a lot.For those using KeyCheck for their MTR listings, did you also find that additional documentation was needed, besides the 3 key things that KC provides? 

In addition since the NAR settlement they have removed the NON-exclusive buyer agency agreement for buyers. 

This is primarily why I am looking to file, in addition they probably think the same way, that I won’t do anything because of the small amount.