The out of state owner is looking to offload this apartment complex where they have overspent on capital expense items in the last 3 years due to natural disasters.

Previous agent stated it can only be developed to 30+ units.

Hi @John ThomasAs far as investing out of state/out of your market:This website is a good starting point for figuring out areas for in-state and out of state investors.

I am from the Bay Area in California and I am interested in buying a single family home out of state to keep for long term. 

AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

Sell and buy 10 places in a better state.

NoIf you decide to get the LLC, it is likely better in FL since that is the state where you are doing business.

I’ve helped many investors with properties in Maricopa County and most are out of state so I understand the challenges and obstacles.

There's always going to be a war, pestilence, famine, political power struggle, uprising, strike, terrorist threat, meteor, volcano, tusnami, or other disaster looming on the horizon - and it's impossible to state what the next cataclysm will be.

Regards Going to depend what route you go through (conventional - or DSCR with an LLC etc.) also I believe what state you are in matters - states can vary how they treat marriages and guarantor / requirement rules