When i arrived she handed me a bill for $200 for batteries that had been replaced in the chair. 

Just curious how did you arrive at getting your down payment back in 2.5 years?

@Ellie NarieThis is usually where out-of-state investors will crash and burn is by trying to self-manage a rental and save money.

Many anticipated a downturn or even a crash due to factors like rising interest rates and global economic pressures.

Even though I seem to be in the minority, whenever I see a listing that says no pets I consider it a plus, because it means my family won't have allergy or smell problems when we arrive.

For real estate investors, arriving to an accurate estimate is extremely hard.

It was easy to buy a cashflowing rental because rents weren't really affected by the falling real estate market.Now, investors must spend a lot more time looking for "deals" and make a lot of low-ball offers to buy at prices that result in cashflow.Reminds us of the market BEFORE 2008 market crash.

I'd suggest reading up on the topic on the forums, where you'll find many examples of inexperienced investors crashing and burning hard trying to do out of state (OOS) REI...the story is usually the same--they had no experience with REI, they couldn't find any cashflowing properties locally, but they saw that properties in other states (often the Midwest) cashflowed well on paper.

Curious to hear what folks think this will do to mortgage rates, especially since it's arriving on the heels of a booming jobs report.

And this one… and this one…Are you wanting for an economic crash?