It's crucial to conduct thorough research, consult with local professionals, and be prepared for unexpected expenses.If you're uncertain about specific local regulations or tax implications, consider consulting with a real estate professional, accountant, or attorney who can provide guidance based on your unique situation and the local market conditions.

Have not thought about the cashout.   

As I now decide what out of state market I want to get into, I come to the thought that bc I am from New Jersey the closest state possible to me is Pennsylvania.

Have you thought about the specific strategy you are going to use or what your business model might look like?

You probably already did that, but thought I would mention it.

@Chris Seveney - That's an interesting thought.

Please share your thoughts/experience!

If I were to buy my second property in the future, I would ideally like for it to be a duplex, triplex, quadruplex so that I can move into one of the units, rent out the others, and also rent out my first property fully.After doing more thinking and math, my other strategy is that I could go invest that $1000 into the market (which makes me a higher return than 4.875%) as well as rent out the two extra rooms that are currently not to aid in paying off my mortgage.I am wondering what y'alls thoughts are on these two strategies?

And I showed him a deal from a wholesaler that i thought was a homerun. 3 doors total, 2 need light/medium rehab, 1 full rehab.

I thought I’d have to use a service like LegalZoom because they have so many options on their site.