Hello BP community,I am an out-of-state newbie investor with a rental that is currently on the market in Bluffton SC.

Quote from @Brenden Evans: I’m also an out of state investor as well… I own some rentals in Cleveland and Milwaukee.

If you're a veteran househacker or investor, I'd love any advice or guidance on how you think I should approach my next househack!

It's also common to encounter retail branch employees who are  not familiar with  the entities and various ownership structures real estate investors utilize since they are normally opening personal bank accounts.

I've seen investors succeed in doing this in Hocking Hills Ohio. 

Excited to connect with fellow RE Investors. 

I am working my way to becoming a wholesaler/investor. 

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Looking at MKE real estate FB groups for investors, housing, and traveling professionals could help gauge demand as well

@Timothy Lin  The idea of the 1031 exchange benefit is to allow investors to use the capital gains tax they would otherwise have to pay when selling their investment property, And keep the profit from the deferred tax in their pocket.You get to indefinitely defer it into any type of real estate that that might meet your needs better.