In our opinion, many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

We are looking to move to the north Tampa suburbs by the end of this year and considering our options between buying a resale house or a new construction house from a builder.

If you are still looking, buy in Columbus and house-hack.

You will also be able to buy distressed properties and finance the renovations with a hard money loan.

Dan Liao They are investors who buy rentals as well as manage and manage for others.

Some home builders are eating profits buying down the rates with the lenders to get into the 4's or 5's fixed but it comes at a steep cost many tens of thousands in fees upfront to the lender.

But in the neighborhoods where I invest and have lived, you can still buy a 3/2 with a two-car garage on a 1/4 lot for less than 80K.

With $15,000, you’d have around $425,000 of purchasing power, though it might be challenging to buy four units in Arizona with that budget.

How can I use that equity to buy a rental property?

As a foreigner getting conventional lending might be an obstacle and I think there will be many people on this forum that can provide resources to guide you through.