With the potential for strong cash flow, appreciation, and inflation protection, real estate remains a powerful addition to any diversified portfolio.What Do You Think?

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Additionally, when underwriting deals, you need to account for the general idea that repairs and maintenance will be a larger percentage of your rent, the lower your rental is.  

When it comes to housing, the FHA rules apply in addition to those of your state/city.

Additionally, we have equity of approximately $145,000.Now, we are faced with a dilemma: should we sell our current property and purchase in a more favorable neighborhood, or should we rent the house and let it pay for itself.We would greatly appreciate any advice you may have.

You don’t get to just expense the additional real expenses.

That is an additional savings. 4.

Additionally, trying to spot paint even a white wall with white paint doesn't work, let alone other colors.

I also want the seller to sign, just to add its own confirmation to the tenant's statements.

In addition to the interest of the loan, you'd also be paying this as well.