I currently own one out-of-state rental property and am planning to acquire another.

Currently, I have an LLC but no insurance. 

The house currently rents for $1450/month, we have long-term tenants, and we use a management company.

Cleveland is a great rental market, with a low cost of entry and strong rents. 

When we needed money it wasn't available due to low FICO scores from remodeling, DTI and so forth, so when we think of a possible financial pinch coming in advance, and can draw from a HELOC, that helps out a lot.  

We're considering selling the property due to challenges of long-distance management.We're still interested on investing out of state and plan to gradually scale our investments over the next few years, focusing on areas close to Illinois, like Wisconsin or Indiana.Any suggestions on how to approach selling our multifamily property and buying in Wisconsin or Indiana in the current market would be greatly appreciated.

My wife and I did a lot of research, attended live sessions, and I connected with some current and former students and got positive feedback.

The best thing you can do is contact an real estate agent / broker who can run some comps and get you an accurate ARV range so you can forecast things more precisely and have a better idea of what these types of properties are actually worth and currently being sold for.

It also might not qualify for some popular second home loan products.Lastly, it’s important to note that this COA is currently undergoing assessments for renovations, which may influence purchase prices.If you’d like a list of all the properties for sale here, please let me know!

The low initial investment and high resale value made it an attractive opportunity.