We mostly buy houses from out of state and are aware of it's challenges but many investors have done successfully, so it can be done.

@Terrence StarkTypically the contract to buy the new house would specify that the builder/seller would deliver the type of plans you are referencing.

Buying an out of state rental property from a realtor, wholesaler or off facebook or zillow etc as opposed to from an operation or turnkey provider who has an active, substancial, and effective boots on the ground team or teams to support you after you close on the sale. 

Feel free to reach out if you have any questions about the local market here or want to connect! 

Holding properties in all cash early in an investment career is missing out of leverage returns.

Those sounds like great rentals and vacancy rates have been decent - our management team only has a handful of vacanies out of the 300+ we oversee, thankful for that.

This community is being built by GS Courtyard Homes, located out of Bedford, IN.

Turning over some kind of commercial property is more labor intensive but it also scales quickly because of potential returns.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

Is there a way I can find out if promissory note was converted and sold?