These properties include different foreclosures and those that sell below their market value.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $270,000

Cash invested: $54,000

A multi-family upper/lower duplex in Ankeny found off-market during COVID.

...

I am just out side of Elkhorn, WI and selling our property the is 5 blocks from the lake.

I am a resident of Virginia and purchased a rental property in West Virginia during 2024. 

I was briefly with realize properties, ERA, and lastly went with Heart and Home.

@Shaun OrtizEvaluating distressed properties remotely can be a little challenging but it's doable with the right tools.

Quote from @Paul Whitehurst: Many will tell you to borrow money from Property A to purchase Property B, but that's known as over-leveraging and not recommended for a newer investor.

Depends on which property you pull equity from.

I know many investors go out of state for buy and hold properties to generate passive income, but is Blythe a lucrative market?

-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?