In addition, these markets are seeing both home values and rents appreciate.Cash flow from a property will depend on your down payment.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Additionally, as a new investor, I am curious if you would recommend this strategy based on your accumulated knowledge and expertise.

We were told the addition of any other pet-related up-front charges would likely not be considered favorably by a judge. 

And make sure to plan for the additional depreciation as well!

Putting our cash flow at $1,525 on months with no additional expenses.

The only time we need additional information is if they are denied.Once accepted, we tell them exactly what we need from them to move in. 

I could buy a LOT of umbrella (additional liability) insurance for $13,000.

Additionally, don’t overlook Memphis, which has great potential for rental investments as well.

Alternatively, in addition to the per diem in § 17 (Possession) for failure of Seller to timely deliver possession of the Property after Closing occurs, Buyer may elect to treat this Contract as being in full force and effect and Buyer has the right to specific performance or damages, or both.22.