Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

Hi Guy,We did buy into a couple of units with a DST vendor (Kay Prop).

Starting locally vs. out of state:I always recommend starting locally if it aligns with your goals.

Networking with Canadians who’ve invested in the U.S. and finding good local agents or property managers will also help a lot.

Im happy to answer any questions you might have about how I invest in Memphis and I can offer up all of my vendor partners to you as well. 

For me, it’s been a mix of local friends and paid contractors.

You will buy a specific property, in a specific location, in a specific city subject to specific local rules and regulations.

I looked at local companies, and while many locals have great boots on the ground, they lack the economies of scale and systems like what Avantstay uses to attract, vet, monitor, and enforce. 

A PMC is great to use not only for all these items but also really being a trusted source for vendors too etc. 

As General Partners (GPs), we juggle a lot—talking with vendors, negotiating with buyers and sellers, and ensuring the deal stays on track.