Obviously you don't want to kick step-father out just because he needs to stay in a rehab facility for a month or two after a hip replacement; but at the same time, this guy was never going to be able to live on his own again (and he had let the property deteriorate to a state that made it uninhabitable) and it took a lot of unneccesary time and money to work towards resolution.

We bought a property out of state and that was extremely difficult to manage even with family and friends that were local and could help.As a property manager, we had an investor bring us 50 properties that he was self-managing.

We rented to an LPN and a state employee Section 8. 

But as Kodie stated, you will need to be cautious on how the offer is written and make sure you did a thorough job of explaining the deal to your hard money lender so they do not back out and you lose your EMD. 

Many companies I found do not want to cover a lot of homes because of the items you stated but with that the hurricanes and also in florida many roofing companies have done the "I will replace your roof for free, just let me deal with the insurance company".

Hi all, I took the leap into this business a few years ago purchasing my first rental which was out of state. 

Are you planning to invest locally in New York or are you open to investing out-of-state?

Yes licensed individuals in different states can pay referral fees to other licensed individuals.

Property taxes have been a big topic of conversation, and I'm curious - what's it like in your state? 

I would say, the Ohio market in general is a very beginner friendly state.