To me the biggest issue with out of state investing and long term rentals is that you have to deal with property damages and/or evictions. 

An income account tracks revenue, while an operating expense account keeps daily costs organized.

Though USLI, one of the biggest umbrella policy providers, dropped my max coverage to $1M because I had pools.

This is literally the biggest obstacle for any data center development today.

That was my biggest mistake.

Hey @Trevor Scheumann, The biggest thing to look for when visiting a new potential market is going to be to network with boots on the ground, namely property managers, highly recommended realtors and maybe a few contractors if they come from trusted sources.

I feel we often want the biggest best thing and that may not turn out the way we hope!

My biggest time suck is showing the apartments which I like doing myself to meet tenants.

I've never been through this process and it's my biggest fear because it seems to be SO costly!

But its definitely one of the three issues.  500k houses should generate at least 10% of revenue all day long or you should sell the property there and buy somewhere else that gets that.I would actually guess if you're open to all areas, you can find something that hits the 12 to 14% revenue.