I watched a webinar around that one. 

If properties in that area tend to appreciate more slowly, especially if you can't start renovations immediately, you may sit on that investment watching potential profits get eaten away at slowly as inflation passes appreciation. 

You can oversee this aspect from the background but don't try to directly engage a GC from out of State without having someone tied to your success there to watch what's going on.

You can read more about it here: https://www.bridgemi.com/business-watch/what-michigan-can-le....Regardless of which market you choose to invest in, it's important to understand the area well and identify neighborhoods on the rise.

You could list it on Airbnb, VRBO, furnished finder etc. and see how it goes while you watch the rental rates and decide if/when you want to sign longer leases. 

One of the cool connections I've made is with someone that has over a million subscribers to his YouTube channel that is now working with me to take my channel to the next level.Proverbs 15:22 teaches, "Plans fail for lack of counsel, but with many advisers they succeed."

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

You can also usually count on rents increasing enough in around 5 years, so that you do cashflow.Of course you have to watch out for over-leveraging and going bust!

I've also saw on youtube that some landlords use submeter to spilt the cost between tenants 

I live in Germany now, but also invest in Italy.Can't help you with YouTube content from Europe, but I can share some experience from Italy.Where do you live in Portugal?