I'm conducting research for an MBA project and am trying to do a bottom-up analysis of the residential real estate, property management market and what percentage of that market is comprised of properties with out-of-state land lords.The very specific question I am looking to answer is how many landlords own rental properties out of state, and how much do those landlords pay to management companies annually?

Hey @Gamal Noble, in which state is this property located?

I'm not stating an opinion so much as just throwing out alternative ideas which seem to be ignored in most conversations nowadays......

I would talk with a lawyer about how to structure it, but most of my borrowers use an LLC in the state of the investment property nested within a Wyoming LLC holding company.

Quote from @Ferrode Joseph: Hi Everyone, I have been researching for real estate investment out of state for couple of months.

Did you buy it out of state?

I would also bet that the late fee is wrong there as well as we now have the most asinine rule in the state for late fees.The laws are changing increasingly fast so I worry about the ability of BiggerPockets to keep up with all the legislative changes that are going into affect and how it affects the lease!

I don't know how I would get a rental unit in the Seattle area but maybe an out of state one might be more beginner friendly.

Admittedly know nothing about solar panels, but inserting your favorite ‘state with the least amount of sunny days in the world’ quote, is it viable in our area?  

I wrote an article a while back that has tips you might find helpful: https://www.biggerpockets.com/blog/2015-05-25-5-dominate-pro...Also check out Brandon and Heather Turner's book on the subject for a more detailed breakdown: https://www.amazon.com/Book-Managing-Rental-Properties-Scree...