Definitely gave me a game plan on how to move next!

My first suggestion is to only look out of state after you have "cut your teeth" closer to home where you can experience and learn from the process way more quickly. 

Hi, I am new investor and just got my first cash offer accepted for an investment property which I am planning to use for a long term rental.

Even though it did not go as planned and we turned out to not be profitable, I think it's just as important to talk about our failures as much as our successes.

It should be a fairly easy process to set that up for the new tenant.

first, you need to understand what created the motivation for an owner to sell the house, then create the list according to those metricsAlso, you need to have a plan once you get a list, how are you going to get in contact with them It all depends on your budget. 

Choosing to rent to an unqualified tenant due to early move-in has resulted in nonpayment of rent and going through the eviction process which I will make a future post about. 

We're considering selling the property due to challenges of long-distance management.We're still interested on investing out of state and plan to gradually scale our investments over the next few years, focusing on areas close to Illinois, like Wisconsin or Indiana.Any suggestions on how to approach selling our multifamily property and buying in Wisconsin or Indiana in the current market would be greatly appreciated.

There should be a person that is a direct contact that you have been in touch with along the process to make sure you finish out the project and that you check in with on the property rehab.

What's your major and what is your plan for your college degree (for example, are you a finance major and planning to work for a large investment firm)?