For example, some cities have started capping the number of short-term rentals allowed, while certain HOAs impose fees that can significantly cut into your margins.For out-of-state investments, having a trustworthy property management team that understands local laws and has good relationships with HOAs can make all the difference.

Take into account variables that could affect your cash flow, such as the stability of the market, local tenant demand, and prospective changes in interest rates.

To keep things running well, think about getting a local company to manage the property, make local friends in the business, keep up with market changes, have a backup plan, make sure you have enough insurance, follow the local rules for renting out property, and keep some money aside for surprises.

.- Stay informed: Keep a close eye on market trends, interest rates, and local economic factors that could impact your investmentsI also lend on fix and flip projects so let me know if you're looking to get an additional quote for your next flip! 

@Kwok WongHave you spoken to a local realtor or investor?

You can check the events page for more info, plus there are a few other meetups that happen regularly. https://www.biggerpockets.com/...

Hi friends, we started a meetup earlier this year for local investors (LA County), with a focus on multifamily properties.

Whether it's a plumber, electrician, title company, lender, etc. go local for who people are using.  

@Amy Perry, look for a local lawyer specializing in real estate matters.

Im trying to figure out if i should shop local or if there's some good websites with better pricing i should be ordering from. this is what i plan to order...