I am in the East TN area and my goal is to find a multi family Rental built in the late 90's; that can produces 30k gross income in 18 months.

I currently have a single family rental, a vacant lot in a not-yet-developed-but-soon-to-be area of town, and a BRRR (that I currently live in and plan to for the next 3 years).

Hi,I am considering purchasing 3 duplexes all located next to each other (built the same year with the same floor plan).

I grew up in the suburbs of Chicago in a small town called Oswego, Illinois.

I found a "highest and best due by tomorrow" home I'm really excited about listed for about $100K less than the going rate for the neighborhood, accepting only cash offers, presumably because of the sagging roof, foundation issues, fact that it was built in the 1900s and pretty much never updated, etc.

A cash flowing asset with built in management efficiency and vacancy risk mitigation?

I was in Wilmington for work this week and found the town lovely.

Also, if you neee anything here in town let me know.

I haven’t looked in Athens yet, but I know it is a great town!  

@Robert Davis IIIOut of state is a great thing, if you live in California :-)It is defiantly doable, I know many people who have their entire RE portfolio out of state or out of country...Now , with all that said , if this is your first RE investment then for sure you have to visit the area, and get the local insight, plan your trip ahead and have everything lined up:Several "potential" properties that you would consider investing in, tour them real good and grade them for yourself ..When you visit these subject properties make sure to blend in as much as possible with locals , neighbors, mail man and everyone in town that will be happy to discuss and contribute REAL local insight ... at this point I would not take advice from anyone that is talking from position...