Careful tenant selection is crucial to your success here.

Low price grabs attention, great property retains interest, and creates a good selection of tenants to choose from.

You can invest in any market selecting the ones that you believe are seeing the most growth, and do it from anywhere.

To make an informed selection, examine your long-term goals, overall expenses, property condition, and market competitiveness, talk with a mortgage expert, and investigate house hacking options.

I personally think out-of-state investing is a top choice because you can invest in any market, selecting the ones that you believe are seeing the most growth, and do it from anywhere.

In Texas for instance, currently the state allows the organizer, who would be me in this instance, to select a date to start the LLC.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

When you are small you can take your time in selecting your applicants, just need to ask the right questions to get the answers you want to know. 

As the impacts of climate change become increasingly evident, more individuals are likely to incorporate considerations of air quality and other disaster risks into their choices when selecting a place to live. 

I learned about the free tools - Zillow, Trulia, Bing Maps, Netronline - how to check title, get BPOs, where to look for bank contacts and sources, how to evaluate the property and develop a bid based upon my initial selected exit and to view REAL deals in progress and watch the results, good or bad.