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.

This is especially true if you're trying to buy in the best location possible.

buy 1 rental. 

I'm interested in flipping, and short-term rentals at the moment to build good cash flow, then pivot into more of a buy-and-hold/appreciation play 10-15 years from now.

Quote from @Chris Brewer: They’re actually asking more for the property that’s just the number I think I can buy it for.

However, can you buy real estate without using any of your own money?

The type of home you buy determines the tenant you get. 

I did not come back to revisit this post from so long ago.I did not buy this property. 

Investment Info:Single-family residence buy & hold investment.

If you’re selling and you’re going to buy another rental no matter what, if you probably do a 1031 unless you have almost no capital gain or depreciation capture.