If you have large equity gain, things are fine (and you can ride it out or simply sell).

I'm fine with that honestly, but when it doesn't appraise, it makes me question the renovations and the value they actually provided. 

I use a pm right now for what I have in Metro-Detroit and they do a fine job. 

Your current RE seems like a fine asset that I would not consider selling to enter most other markets.  

couple of bullet points to bring up:* she's on M2M* I told her on 12/7 of the new rent which would apply to a new Jan. 1 effective lease, this is when I got the "I'm moving out" message* Sent her the move-out letter on 12/11, with options for her to either be moved out by 12/31 (she's fully paid up for month of December) or by 1/11 (30 days from date of notice) and pay a pro-rated rent based on her CURRENT rent amount. her choice, either is fine with me.With all that said, I'd love to do as you mentioned and post a notice on her door. 

Hi Jay, no luckily you don't need to be licensed in Colorado to wholesale properties, so that part is fine and totally legal as is in many states.

That's fine, but they have to know there's a tradeoff for everything.

Also, monitoring contractors/sub contractors and keeping everything on schedule can be very difficult remotely.If you're buying turn key properties out of state is fine and a property management company and a good handyman can resolve most issues you'll run into.

Pretty sure the fine locals on this thread will have even greater insight.As for Peniche - I'm curious as to how you ended up focusing on that area?

Here's a link to the data: https://mred.stats.10kresearch.com/infoserv/s-v1/vwxv-Zs5What this data shows at a Macro level is that the Chicago market is doing fine, but the market is too large to use that data to make any decisions about where you want to house hack.