Call a couple local property managers (I’d suggest key property be one of the calls.

Whether it’s a multifamily in Boston, a value-add deal in Worcester, or an investment property in Lowell, the key takeaway is the same: the listing price is not the purchase price.Here’s an example I use with clients: If I sell a 3-family for $650,000 and list it at $599,900, suddenly, it looks like it sold for $50k over asking—“Wow, it must be a great deal!”

Pass Code to open a Supra like key box.

And having reserves or cash flow is key - will help you absorb any unforeseen situations.

I will do my homework on long distance REI (even tho the markets are 1-2 hours away), but have a couple questions- What are some of your key metrics/signs you use when identifying a new market?

Market is not generally fast moving so having a good agent is key. 

the key to investing in these types of deals is just like you just said.. you can lose the money and not change your lifestyle..

—will be key to success!!

$150k will be hard to get anything 2+ units relatively turn key in Columbus.

@Elin Trinh I think right bow new constructions def has its benefits, but your key to success will be your team in Houston.