Still, it can be difficult to determine the best rent because if you charge too much you'll chase tenants away, and if you charge too little you'll leave money on the table.

We have had success buying off market so we chased properties like that last year.

Best Wishes,Chase Randolph    

Every time I talk a newbie out of chasing cash flow out of state, an angel gets their wings :)To answer your questions: What markets did you invest in and why?

@Hi LC Chase,Can you please explain why I should not use a CA LLC?

Quote from @Chase Maglangit: Hey yall, does anyone know of a good place to put my property up for sale? 

Then the tenant calls us to come and find it- now their wasting of water is my fault and I get charged a maintenance call to chase ghosts... all because they have a teen that likes long showers... 

Even if Huntington were to fail, your issue would be a few days where you could not access the funds as the Fed sold Huntington off to another bank like Chase or BofA.If we all move our dollars to the 6 largest banks that are "too big to fail", (and therefore too big to regulate), we will not have a healthy banking system.The banks that are currently having difficulties have been poorly run and/or overly focused in a specific niche with a high percentage of accounts over the $250K FDIC cap.  

I have a great team here, and I'm not ready to branch out to Milwaukee or any other market in the country and try to chase the big returns that some of you guys are getting..  

But others I know chase cash flow and invest out of state or on the outskirts of town which is also ok, because that falls within their risk tolerance.You say you moved to Scottsdale.