Investing in properties out of state provides diversification, lower initial expenses, and passive income opportunities.Good communication, trustworthy property management, and market research are essential for success in real estate investing.

I'm not a fan of shopping lenders solely based on pricing because service is VITAL with lenders.

I Also live in California and primarily invest out of state! 

This does not necessarily mean they will not sell, but if it is in BK it would need to be approved by the trustee, and depending on the type of BK they filed and the size of the unsecured creditors the trustee would only allow it to sell to the public to get the best price because - they have to make sure they get what they can for unsecured creditors AND the trustee is paid based on what is sells for, so they will want it to sell for more.

Generally there are three categories of multifamily investment properties – which will greatly determine your loan options.These three categories are based on the number of units at the property.2-4 Units: While these are “multifamily” properties in the sense that there are “multiple units” – you will generally have very similar options for financing to traditional residential loans on single family rentals – think the traditional 30-year fixed rate conventional option or DSCR Loans – and the coveted 20% down payment option too.

Hi Jarret based on your current situation I would advise not going solar as your bill is pretty low.

It has the least flood risk.I haven't had an appraisal done, but the property tax we pay keeps increasing based on the estimated property value.

Buy if the deal makes sense based on numbers. 

Based on what you are looking to do, this might make sense.

We've been investing in Memphis for 12+ years in primarily this asset class with good results BECAUSE we have a great property management team.