In my opinion, both have their pros and cons and neither is 100% superior to the other.

Finding multiple sources for your estimates is key.Pricelabs is superior in that you can truly deep dive a pocket or area and find like-kind properties to compare with.

It would pain me to not be able to use the BRRRR strategy because I believe it's superior to most others.Another reason I want to do out of state is that I don't want to have to physically leave my family to check on properties and rehabs.

This is true some times, but in some scenarios, brand new properties end up producing significantly MORE maintenance/repair headaches than older properties.The reasons are:1) Some building techniques/materials are far superior to those used in the past, but some are not, and some are unproven.

Both cities we moved to had superior schools to CA no doubt but that was only important the first move.  

They claim there are certain tax benefits to this structure as well and that this system is vastly superior to the traditional banking one. 

Think of it, instead of doing deals 1 at a time, you get to leverage your network, their money, better systems and technology, superior debt, and multiple units under fewer roofs :)

.- Most (not all) people can find superior cap rates in out of state.

@Mike DymskiHey, at least we are in the “game”.Experiential learning is so far superior to book learning.As the famous ad says: Just do it!

This is true some times, but in some scenarios, brand new properties end up producing significantly MORE maintenance/repair headaches than older properties.The reasons are:1) Some building techniques/materials are far superior to those used in the past, but some are not, and some are unproven.