This isn't just about keeping things organized; it's your safety net if things escalate legally.Legal Grounds Check: It's wise to touch base with a legal expert familiar with your local landlord-tenant laws.

They are based in Florida.

I am based in Oregon and I am planning on diving into the world of out of state investing.I have bought and sold a couple of  homes here locally but would love to start growing my out of state portfolio which I have very little experience in. 

Then, several single-family homes could fit the bill.Aiming for a cash-on-cash return of about 8% or higher is a solid baseline, but remember, this can fluctuate based on many factors including your specific market.

Every odd year they reassess taxes based on the value.

I’m a travel nurse based in Tacoma WA and I’m hoping to get my first rental property this year so I can provide housing to fellow travel nurses.

You'll likely start to gravitate towards one type of investing based on your personality, then double down in that area. 

This will be essential for managing remotely.Property Management: If you are unable to handle the property in person, think about working with a reputable property management firm.Decision: The decision you make is based on your degree of comfort, your ability to take on risk, and your readiness to put in the time necessary to develop a network.

Hello BiggerPockets Community,I found a property that seems like it would cash flow positively ($1600) based on market rents.

It seems like the partnership is not based off of a split in roles, where one brings in cash and the other brings in experience + sweat equity.