They stated they physically moved out, but still had belongings in the property.  

Make sure its on a permanent foundation, has concrete pillars, skirting and axles removed and in some states require hurricane Tie downs. 

Purchase price: $7,800,000 124 unit Garden Style apartment community located near Oklahoma State University in Stillwater, OK.

For us, we have insurance on it and found it easier to keep in the trust vs. llc and have to deal with state filings etc. 

Are you considering any investments outside of your state?

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.

Single family homes are exempt from rent control everywhere in the state.  

JohnFirst look at your states licensing laws, they can easily be found online.

If you and your wife are on the same page, I say absolutely go for it.Don't worry about the naysayers telling you to invest out of state if that's not something you're comfortable with right now.

I've been tracing wholesalers in califonia for months, like nothing other state finding individual wholasalers in califonia is quite challenging I don't know if it's because the house prices are too high compared to other markets.