I had a partner at one point move from California to kansas city just because the cap rates were so much better out here.Investing out of state is all about having a good team that communicates well.

There can be huge swings between subdivisions so you really want to see the rentals on a map relative to where your house is located.But also take into consideration the square footage, the age of the homes, basement no basement, etc.You just have to have a feel for comparing like/kind properties and if there are none, then you need to have a sense of what features are worth more or less of an adjustment and how much.Rentometer just asks for bedroom count but I don' think it asks for square footage.

More importantly, you lose your cap gains exemption from it being your primary residence.

Also with the new property have you accounted for vacancy and cap x in the $300 a month cash flow.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

Currently I’m using these numbers:Vacancy: 2%Repairs: 2%Cap ex: 10%Management: 5%Also I’ve found a way to get the approximate insurance, tax, and welcome tax.

I don't feel safe in war zones or ghettos, so that excludes a lot of the north and east parts of the valley, but that doesn't meant there aren't pockets of nice places with good returns.My Cap Rate and CoC Return were 6.7%, as I am currently not leveraged in any of my properties.

I just accepted a counteroffer on one and made a counteroffer on the next so at least I'm picking up a couple of decent properties with about 15% cap rates... onward and upward---->

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

That goes for all the home's features.