the midwest has lower price points than other areas of the US, sure, but it also comes with its own challenges - for example, very old housing stock, lots of deferred maintenance, and tremendous demand for the best properties."

Hi, I was wondering if there's any good reliable places to market tenant in place + management in place properties. 

The settlement yesterday I bought a house appraised for $396,000, and I paid $255,000. 

I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

I was delighted with their service and be happy to do a introduction for you to my contact manager (I am not associated with the company nor do I receive a referral fee).No business cards but line of credit yes.Revolving LOC? 

there is an argument to take the equity and buy a large managed property. 

Quote from @Robert Ruschak: Would you skip the 700+ single family houses and scale up faster into multi-family?

@Ken Latchers how do you manage the security deposit?

@Colin Ford recommend getting experience with your RI duplex before going OOS.You should DIY manage the unit next door, so you LEARN about property management, the goog, the bad and the ugly.Then you'll be so much better prepared to invest OOS!

Honestly, the first question that you and your wife need to ask yourself is whether this is primarily an investment or primarily a house for fun.