Ohio is great in terms of CAPs.

There is a sold comp that is very comparable in terms of location and restrictions on building and I would be confident using that comp, adjusting downwards to be ultra conservative in submitting an offer.

However that tenant was leaving just then. 850 is fine in terms of covering the expenses, but there are improvements that will need to be made eventually and the extra 50-100 month would go a long way.

Hadn't thought of insurance rates, was just thinking in terms of valuing the purchase price.

So I think I would hold it, especially since after paying all the selling fees you'd have nothing anyways in terms of profit.

It's a little more money up front, but think of it in terms of your education.

@Minna Nah @Dmitriy FomichenkoI do however really like the benefits a QRP/Solo 401K offers in terms of allowing you to fund your real estate purchases, as long as you aren't using them for personal gain (rentals that you never lived in or used on vacations).

I am curious what other out-of-state investors have done in terms of setting up bank accounts to receive tenant payments?

In terms of location, I'm open to investing anywhere as long as its a good investment.

Of all the times I've heard this I've noticed it's never really talked about in terms of specifics.On one end of the spectrum Josh Dorkin made this site because he was supposedly burned on some of his first real estate deals because of lack of knowledge, on the other end of the spectrum I hear the term "analysis paralysis" a lot.We all grew up taking tests in school to determine what we "really" know about a subject.