Hi Christine, for a successful out-of-state investment, carefully research and select safe, high-demand neighborhoods in Memphis or Columbus, consider the potential benefits of duplexes for better cash flow, and engage a reliable property management company to handle local operations efficiently.

Check out this link and select "demand snapshot")That said, we've since the market cool slightly the last month.

In short, I'll never do it again unless the relationship began as a business relationship that later evolved into a friendship and even then I'd be very selective.

We're advising clients to consider selecting a lower prepayment penalty to refinance if rates decline in the next few years.

This way, you can still have a personal touch in your selection but ensure that your decisions are based on measurable factors rather than subjective preferences.

Have you selected the market, return criteria, etc.? 

I own my own brokerage so I can do what I want, and my agents are intelligent enough to do what they want without my permission, but I have a small team of very select agents. 

They will select materials, colors, and fixtures that are "IN-VOGUE" at the time.

And in my opinion, his book covers everything a newbie needs to understand: from asset selection, to evaluating sponsors, to capital structures.

He says he talks to hundreds of people every month, but only a select few are a good fit for their course.