So you'll really be cramping your tax savings and inheriting a lot of brain damage from multiple calendars to manage in an environment where it's going to be competitive to get what you want anyway.Some will mention a reverse exchange an it could certainly help the logistics but again the expense will cut deeply into your tax savings.You could try to find a seasoned investor who would give you a contingency for sales of your old houses.  

Until late, the low interest rate environment and monetary stimulus allowed for the compression of cap rates.

Andrews next.I've attended one property investor workshop in Melbourne just to get in the environment.

Now remember that Miami is a high priced environment that moves quickly, so I want to make sure this is the right move for me. 

Hi allI am interested in TK as a way to invest in a 'hands-off' manner. I have done lots of research and it still just doesn't quite sit well with me. One issue I have: the companies price the properties based on expe...

You need the right environment for them to use the litter box though.

In this market 203k may not be the best option given how from the seller's perspective there are so many other "fishes in the sea".

Hey @Raffy PasionAs others have mentioned its going to be a bit hard to make that amount work well on an out of state investment.In addition to finding it and making sure its not in a war zone, make sure to consider that:You'll be a small fish for the property manager, they'll have other clients with more properties that will be at the top of their list.Your PM will know you are out of state and there is greater potential for fraud issues thereAnytime you want to visit your properties your going to spend 2 days traveling and $1000+ in airfare, hotel and rental car (This could alone could eat up half a year of profits and kill your returns)I think in this situation you would be better looking at doing JV deals on Oahu or an outer Island.  

And likely much harder in the current environment.

The more resources I have the more time I have to go fishing, or kayaking with a cooler down a lazy river.