As was mentioned earlier, it is extremely difficult to find cash flow, especially in our market (charlotte metro). 

@Ellie Narie we don't manage Class D rentals because they are extremely difficult to manage.Yet, owners are unrealistic and expect Class A or B results from them!

out of state investing in a distressed property is possible but very difficult and extremely risky.

The local HML can usually pull the trigger much faster than an outside person does because more research has to be completed to asses risk in lending for that area.This is why local HML lenders rates might be lower than a national HML lender that prices a few percentage point higher and one to two points more to price in the unknown factor of the area.

While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

We bought a property out of state and that was extremely difficult to manage even with family and friends that were local and could help.As a property manager, we had an investor bring us 50 properties that he was self-managing.

I also have extreme anxiety and having my neighbors pissed at me is 100% not an option for me.

This is extremely helpful and I appreciate you sharing this with me so much.

City of San Diego has a more extreme rent control act (called something like the tenant protection act).Your SFR is exempt because it is a SFR.