There are a few homes in the 215k-230k range if that makes you more comfortable, but you usually get what you pay for.The price of your first rental should be what you can afford and fits your investment strategy.

Any B class duplex is maybe $450k+ so unless you are comfortable living in rougher areas it's not worth it.

Also if closing end of year lots of investors have already spent their money for the year and tax planning so in December lots of them are tapped out until next year.If your existing investor base is used to NNN and already had success with them in the past then they might feel comfortable scaling up.

Then when the development and two flips also sell and I'm ready to go bigger, they feel comfortable bringing me larger multifamily deals to put offers on.At first I was terrified of doing this long distance, now I can't wait to go into uncharted territory like new construction and flipping a small multifamily... from Canada into Pittsburgh... how did I get here?!

I'd do exactly this if I were in your shoes.

It has lots of population growth and job opportunities, which is what every out-of-state investor would like to see to make them feel comfortable investing in a market.

So if a handy man works for a co and sees X limit on 100% of the WO's for years and then yours rolls through with a differnet number, there is potential for an issue.Best to just find a manager that works within your comfort zone.  

I would think the fact that we use the rent money to pay for the place they live in would give them comfort...not angst. 

Hi all,I'm thinking of purchasing a condo that is located quite literally right next door to a fire station.My question is: this whole condo community is essentially next door to the fire station, but my unit is the closest to both the side road and the fire station.I am wondering how much of a "discount" you would need to feel comfortable buying this unit (as compared to another similar unit/floorplan that is nestled more comfortably inside the inner ring of the community. 

The ultimate goal is to be able to live in my own home COMFORTABLY.