Court ties you up for a year to a year and half with no guarantee of the outcome.

We're finding houses for buyer not buyers for houses" finding buyers first eliminates most of the guess work and you can hear your property search toward what your buyers actually want rather than tying a property up under a contract and then finding a seller that may or may not be interested in your deal cuz it may or may not be apart of their criteria.Sorry for the overly winded comment.

Yes, on paper you can do it, and seasoned investors with very close ties to the area are also successful. 

Granted, I self manage so I am meeting tenants, but at the end of the day, getting this gut check on the person I am going to trust living in my property kept me from having any issues with my tenants that would require a "more landlord friendly state".Given the wide swath of the country that is "landlord friendly", I would think more about places you know well and/or have ties to already.  

Also let me know if you're interested on partnering up on anything, I might be open to talking about that, I've been lightly considering looking for some partners.I've been considering pursuing mostly flips and BRRRR but also new builds for sale - but I have all my capital tied up in a couple of deals at the moment!

Wouldn't advise tying payments to only the original price, should also be tied to portfolio retention - otherwise you could lose all the doors you bought while paying out all the revenue to the seller and your expenses. 

You've got an amazing cash flow and it isn't like you have a ton of capital tied up into that property. 

Not much is taught in a weekend except tying your shoes and making grilled cheese sandwich.12.

@Gagandeep Singh If you analyze lots and lots of deals you should eventually turn up some that are stronger than others.

Investing in markets or asset types with stronger appreciation potential but with less day-to-day management may be a smarter long-term move, particularly if your goal is financial freedom and less active involvement.In summary, pulling out $500,000 from equity could be a smart play, especially if you're focused on long-term appreciation.