People routinely try to rent places they cannot afford, so if they need to spend $400 extra each month for your house, ask them where that money comes from. 

The thing with buying vacant land is that there are not many ways to make a cashflow, and the lot may require routine mowing if it is in the city.

My reasoning is pretty easy to follow- 1) Many of the rest of the world's central banks are lowering rates in fact some are going negative.  2) Inflation is currently a non-factor and is expected to be until 2018 given the continuing rout in commodity prices I don't see that turning around any time soon. 3) Labor participation rates are at long term lows.  

I am a full time Rehabber and a Realtor as well,  and I routinely come across good buy/hold investments which I provide other investors with. 

I provide a complete acquisition and management service, covering the following.Pre-purchase inspections to determine repair/upgrades needed.Coordinating renovations and preventative maintenance.Tenant screening, writing leases, rent collection.Payment processing to vendors for repairs & routine property maintenance such as air conditioning, pest control and lawn care.  

You don't need to set aside time and drive a certain area, you just do it all the time, it should be a part of your daily routine, If your going down a street anyway why not keep your eyes open and drive for dollars at the same time.

3) I don't call it "advertising", but I have cash buyers that I trust and I routinely discuss deals with them (not all but the ones I am close to) to get an idea of what they will pay.  

Develop a follow-up routine.

(I also go down to Palm Beach County because I routinely conduct certain other business in Delray Beach, and Boca Raton).  

Wondering if some of you out of state investors can share their routine and/or strategies on finding and investing out of state.