Regardless, mortgage rates are still high as well so it’s a bit disheartening.I kinda wanna buy a property in Nevada and rent it out but I guess that disqualifies me from the FHA stuff because there’s no way I’m leaving LA. 

I couldn’t tell if they’re shifting focus from working with partners to operating the units themselves or if the whole company was experiencing turmoil.

We were able to get a home equity line of credit, so if we wanted to, we could essentially put no money down and use the income from the property to pay this and the mortgage off.

Hi @Gregory Schwartz sorry I never followed up with you I was busy at work and I have decided to go somewhere else other than college station.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

A plan is to work with a real estate agent, use FHA or conventional loans, and hire a property manager for residency.Good luck!

I join Bigger pocket a few months back when my wife and I decided to no longer allow the Salary bribe control our lives.  

For us there is no perfect property to manage.I am more concerned with the owner. 

It can work in very limited situations like this one, where you are just trying to remove yourself from title, but there is absolutely no reason to do so instead of a special warranty deed. 

If you're an out-of-state investor or are thinking about becoming one, what's the most important thing(s) for you when you're working through the process?