The risk of property damage or a lawsuit from a dog bite is too high. 

Most likely due to wanting to invest his time more wisely:)If you can move in with family or friends RIGHT NOW and rent out your house and start DIY managing it BEFORE moving out of state, that would be best.Otherwise, handymen, cleaners, agents, etc. are highly likely to take advantage of you once they find you you live OOS.

Rate will be highly dependent on loan size, credit score, LTV, location, and property type, as well as a few other factors.

@Cathy Ries Yes, tax planning before acquiring rental properties is highly beneficial, especially given your situation.

As inflation drives rent growth, properties in stable markets like the Midwest can continue to deliver returns even in higher-rate environments.Market Conditions Favor Real Estate RecoveryThe commercial real estate (CRE) market has faced significant challenges in recent years, but signs point to a recovery:Bottom of the Market Cycle: CRE appears to have reached its low point in late 2024, with 2025 marking the start of a slow recovery phase.Limited New Supply: High interest rates have curtailed new construction, which should drive rent growth in the coming years.Policy Changes on the Horizon: There is growing discussion about potential policy shifts under the new administration, including a return of 100% bonus depreciation and lower interest rates.

My firend once had a client who did a high end remodel in a somewhat modest neighborhood.

Cost of capital is high right now. 

I always carried high deductibles and insurance was more about catastrophic events.   

I looked into this at more than one occasion, because Milwaukee has such an old housing stock, everything is 60-120 years old.Most of the new apartments we see are 4 and 5 star developments with very high rents, this allows to offset the high cost of construction a little better.

Those remote flips and high cash flow rentals are so tempting on paper, but they rarely go well in reality.