While flips don’t usually qualify for 1031 exchanges, holding a property as a rental first might open this option.

Read my Utilities 101 below to see some options.

The RTP at 13.30 signals strong rental demand, making it a viable option for those looking to maximize cash flow.

An option to better understand and see the model without having to spend all the time is turnkey interesting.

Typically people who ask this question either a) have TONS of money and no time and can afford to take losses and risks OR 2) are pretty naïve to all the risk of long-distance OOS investing.

If you're still in college and working with an FHA loan, a duplex can be a solid option.

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.  

They should have the option to install a security alarm at their own expense.

For properties under $300K, you can definitely find okay options in these areas.