But for an OOS investor one consideration is access to support, first of all PM & contractors, and you have more choices in the much larger Milwaukee metro area than in a smaller submarket.

You’ve made a great choice diving into real estate investing—it can truly be life-changing.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

@Samuel Gebretnsae You have two choices. 1) Walk away and leave your money on the table. 2) Go ahead with the deal and take a leap of faith that the repair was done correctly.

@Jefferey Eutsay I’ve found the BP Calculator to be sufficient for analyzing most of my deals.

If there was a clear lease violation sufficiently serious and they were given written warnings to correct the issue and did not then you could probably evict.

I hear everyone though, buying a home for STR is the next step and it is the better choice.

This is a personal choice and depends largely on your risk tolerance level and the current demand for rentals in your area.Vehicle Repossessions: Having a vehicle repossessed is strong indication that a tenant cannot handle their money very well.

However, in my market house values were outpacing my ability to save sufficient funds. 

It might also be unavoidable to live in a high cost of living area due to my career choices.