I am licensed agent but work for an investor doing grounds management.

Assuming you have 3,000 sqft just paint and carpet can cost you 25k or more.

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.

Give your state's 'cure' term ("In New Jersey, a tenant has three business days to pay rent and court costs after a judgment of possession is issued to avoid eviction.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

The key to investing out of state is finding a good property manager.  

It will give you one stop calendar management and automated messaging which is a huge time saver. 

I have several really good lawyers we use, you can PM me if you want info on them ... and if you'd like to talk property management reach out.

If you pay annually cost will be $16 per month.

Hi @Elias Halvorson,Both markets offer lower costs of entry and opportunities for cash flow.