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

I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals. 

If you live in CA, NY, Boston etc - the financial difference is big enough.Investing in your home town is always best, you have the home-field advantage and you can buy, rehab and manage a lot more efficiently.

However, there's a critical detail that many tax advisors conveniently overlook when promoting these studies.Here's the uncomfortable truth: If you're a high-income earner (AGI > $150,000) and not actively managing your properties, those promised tax savings might be locked away for years.

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

I’m always open to investors and partners, but my priority in this case is to find someone with real-world experience in multifamily acquisitions who can provide insight without the need for constant guidance.Who I’m Looking to Connect With:✔ Agents & brokers specializing in multifamily (4–20+ units)✔ Lenders who understand DSCR loans & creative financing✔ Property managers in McAllen-Edinburg✔ Experienced investors who can share insights & help mitigate risksThis isn’t about replacing my income—I make more than enough at my day job.

The key is making sure you have the right team in place—outside of market research, finding a trustworthy property management company is one of the most important factors in making long-distance investing successful.

I manage almost 400 apartments in Cook County at this point.

Since you mentioned you're working 9-5, I’d suggest look into turnkey rental and considering property managers to help manage you’re property.

(With invested capital, this matters, plenty of people are worth "taking a shot on" in other capacities, just not with respect to managing my money).2) "Is this investment where I'm giving you money the top priority in your professional life?"