Obviously if you have 20 houses or a house 40 miles from where you live, that might change things a little.

There is a bank about 62 miles and two counties over from Indianapolis that does a good deal of investor business in Indy.Be prepared with your business plan, good luck and let us know how it goes.Stacy

Gilbert is in the SouthEast Valley, about 20 miles from Phoenix.

small world,going half way across the nation to vacation and visit relatives in a couple weeks and will be a 'few' miles east of you!!!

Only 4 tenants have cars as it is.The complex is about 15 miles from my home.This complex is all on a slab.

On the other hand, I once had rentals that were 2,000 miles away.

I did a search one your 8704 Catalina 3 bed, 2 bath listed for $48,000 and found 2 properties within 3 miles that appear to be move in condition for $26,000 and $22,900.

Also, as long as you're not at the top of the market for what you have and if your place is in nice condition, you could position yourself for people trading down-instead of a family renting for $1200/mo with more convenience or amenities, they may look to your $800/mo that's 2 miles away and think it's a worthwhile trade off so you don't have to lower rents as much.

They came back and said they can go no lower than the $229,500 and we would have to provide at least 3 COMPS within 1 mile of the location from sometime in the last 3 months to see if the BPO agent would lower her BPO price.David, nobody can jump in front of us to get this property, as we have it under contract and the property owner is satisfied with us, at this point.

Not sure exactly what these turned into, though.All the "points" and "miles" and such are pretty similar these days.