I'm nervous because since I wouldn't be available on site any time something goes wrong. 

Capitalize on all of the free resources this site has available at your disposal.

We want to know the pros and cons; what was easy or hard; were there any bottlenecks or major complications; Do we find 2 or 3 lenders and get prequalified with all of them?

@Nathan Letourneau you've over-complicated it and put yourself at risk.Let's say you increase the rent $750 a month for a year to account for the cost but the tenant pays the entire amount up front.

I'm Nick Terpstra, a 24 year old from Kamloops BC.I purchased my first home last year, built a basement suite for myself and have been renting out the upstairs.I am fired up to further my real estate portfolio, and I look forward to learning from the veterans on this site.

Cheers,-Gary Welcome to the site Gary.Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.

I wish I had a crystal ball about the potential increase in areas, but here is an off the cuff answer for ranking:Dorchester (it's complicated - Dorchester is so large!)

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi everyone,I'm new to the site and investing.

If you think that I can help you in any way, please contact me through this site. 

We could all start charging for our time, but again that would further complicate the matter.He will be getting paid every two weeks which in the end will be deducted from his 30% share of the profits earned.