Not sure what the price of this property is, but this is why you should use an attorney/realtor/closing agent to assist. 

This will be my first investment property and I'm a little leery about this whole out of state buying process since I've never done this before.

If they're serious about your property, they will.

Many owners are also absentee and rely on PM companies to book their properties and cleaners. 

@Sephr BemanpourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Added Value: Since we've invested in this market for the past 6 years, we have incredible property management in place.

But, currently looking around the Saint Cloud area where I could do room rentals for college students or into the twin cities area, but the property insurance and taxes are a lot higher there. 

I have a own a successful property management in the Bay Area focusing on multi-family buildings and HOAs.

Hi everyone,My name is Justin Swaby, and my partner and I are currently building a real estate portfolio consisting of single-family and multi-family properties.

If the deal makes sense and the property is going to cash flow with where the interest rate is then you should jump on those deals.