These are roughly 6 miles out into the country from the county seat and that's why they're cheap rent. 

I hadn't really planned on starting with something this big but the numbers are looking too good.This is a property that is less than one mile from a well established University. 

I told the property manager representative that we do not intent to be actively involved with the ongoing management of the property, however, we want final approval of new leases because we are concerned that the property manager may just fill the space with a convenient tenant, or a tenant that is otherwise “low hanging fruit” rather than going the extra mile to obtain a tenant that has a higher probability of staying for a longer lease term, or otherwise has a better economic profile.

(Ie, Vancouver, where population is growing by 5-7% a year and supply does not catch up to demand)- renting it out can take longer in a large development as you are 1 of perhaps 50 identical apartments for rent (if you’re on the southeast corner, all the floor plans on that corner is the same layout) - selling it in the future can be the same headache (see above)- some of the properties come with all the bells and whistles, such as rental guarantee, deposit incentives, free upgrades and etc, so do not be afraid to ask if you do decide to go ahead.

One of my properties is about 160 miles from my hometown and that can be a drive of 3 to 5 hours, depending on traffic.

(this comp is within 1.2-mile distance)I have an off-market offer to buy it for $40000.Market rent is $600-750 (different opinions from different local realtors)Conservative:- 7% occupancy- 7% repairs (maintenance and capital improvement)- 6% management fee- $600 monthly rent- 0 appreciation- $1300 annual tax- $300 insurance CAP rate is 10%.Is it worth it?

If you get a property on the south east side of that zip code, the better.

@Miles McClure Hi Miles, I saw your post where you state that you processed several Realtor applications yesterday, 2019 1099 Contractors. 

In fact the state park is adjacent to the property that was converted from a rail line to an 80 mile walking trail.

@Miles Rose always a chance they turn into holdovers regardless of your 30-day notice, and at that point you’ll want all the documentation you can possibly have for eviction