When you don't, you are susceptible to being sold a property that looks like it has a correct valuation based on comps, but the comps (although they may be very close...even across the street) are not valid because they are not part of the micro-market.When you find/analyze for micro-markets, you are analyzing every property in that micro-market by default. 

It's ~2hrs away, so I'm not sure whether hiring a mgmt company is the correct choice in that scenario or not.Cashflow would be nice, obviously, but that's not my main goal.

They are definitely hands off, 1031 exchange eligible, and have been a wonderful planning tool for a lot of folks...including those that still own/manage real estate in addition to their DSTs.  

New to the rental analysis tool.

ALL that said they may be an example in the FlePlace under the tools tab above.

You just have to have them fill out the correct forms.  

Hi BP'rs,I'm a bit behind on my podcast listening pace (but I'll catch up).I recently listened to couple of older podcasts where Brandon Turner had mentioned that there is a lead generation system in Beta stage for pro members.Is this correct ?

No doubt, it's a risk tho..Naturally I would much prefer something with less overhead that performs well, and I'm willing to buy my way into an established market, but then I'm starting from scratch, and frankly despite having some reasonable tools at my discretion I don't really know how to data mine the entire US.Now that the dust is starting to settle after years of being in the trenches with this duplex, it's clear to really make money with this you have to have a portfolio, as I read in an article from this site, 1 or 2 rentals ain't gonna do it.

You are correct that he can't afford his present lifestyle, and so is everyone who's posted above you.

Not to say that it can't/won't happen, rather it's nearly impossible to put a timeline on it.Plus even if there's a decline some areas are seeing huge growth, so something like 30% drop on equity might only be a few years of less of equity depending on the deal.Historically we're due for a correction, but it's unlikely to be what we saw last time around..