I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

Unrealized equity is nice, but doesn't really do much for you except make you feel good when you tell someone how much equity you have.

Currently working with an out of state investor looking to do the same thing but invest in a nice STR out here. 

That means you have enough money to do these safely.I’m sure he's an enthusiastic and nice guy, most of his ilk are.

@Marlo Lopez - nice to meet you. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Follow economic trends and determine which areas have the best opportunity for economic development and prosperity.At the end of the day, you're looking for investments with the highest returns. 

Instead of platforms like Angi, try building relationships directly with contractors, architects, and developers.

If I have the option, I am going to move into a nice house, in a nice school district, with a yard, a couple of bedrooms, and the space to set things up the way I want them. 

But if you lay out your plan to the owner over the phone, it's very hard to get a "yes" because trust is developed with a face to face meeting.Trust can be established by talking about your past record (as an investor) but also if you have something positive about yourself (profession - real estate agent, nurse, teacher, fireman, doctor - any profession that can give you some added credentials).#4 Owner vs.