We work primarily in Tennessee.As far as out-of-state investing, the best advice I've read/heard  is have a great boots on the ground: local folks finding, vetting, and managing deals for you. 

@Roni Karpman and everyone else exploring the thread that don't have boot on the ground, welcome to Indy!

You'll definitely want some boots on the ground in the area, as with all areas, there are some better spots than others.

If you don't, you get taxed on the boot. 

Grocapitus is the most innovative syndication company I have ever seen though, so I would highly recommend attending their webinars and getting involved with them as an investor.For full transparency, his Marketing Director of Marketing and Social Engagement, Eric Bleau, has been my mentor for the past several months so I am a little biased, but, having personally been to multiple boot camps and having met several syndicators like Vinney Chopra and Anthony Chara, I can confidently say that Eric and Neal are two of the smartest, and most well-put-together players in the multifamily syndication world I've met.

I will definitely take my time and focus on getting good boots on the ground before I pull the trigger OOS though.

Pragmatically, boots on the ground, what does your gut say?  

There are a few logistical issues to be aware of such as having to get certain legal docs notarized, being setup to wire funds from anywhere and having a trusted boots on the ground team in your markets. 

It all looked good on paper and according to his "boots on the ground".

Kudos to the the BP team for calling that out right up front: $225 for the interactive boot camps, $125 for the solo ones.