People go out of state to chase lower cost properties typically.

Chasing yield can backfire on an investor. 

I have worked with agents that would discourage me from buying in specific areas, have questioned the legitimacy of my proof of funds (standard Chase acct), give bad information (awful advice).

@Jesse SmithI understand your annoyance, but put your time and energy into getting a new tenant ASAP vs chasing a delinquent.

However, you will spend many hours each month chasing late rent. 

I once showed an apartment to a woman and her grandkids and the kids started running around the place chasing one another screaming.

Instead of calling a specialist or trying to chase down a handyman, they have a full time maintenance crew as their first line of defense which is sure to save money on basic fix-it calls.

It's the reason people here, left and right,  marry themselves to chasing pennies and avoiding benjamins.If you're MF is 5% cap in a great area, that's a good deal.

However, I would rather not hear from him ever instead of chasing down my rent every month.

I spoke with chase they offered 80%.