Just purely looking at multi-family listed in the area, I see that there are quite a few that meet the 1% rule, but sitting on the market for quite awhile.

Would break even/no cash flow.Current Holding Pro's of Keeping - 100k of mortgage left gets paid off eventually, resulting in pure cash flow (net of taxes/insurance/etc.).

There are many different types of out of state investments like turnkey, JV partnerships, just pure broker client, etc.

Keep track of what items are purely for the rental unit and what items are for both units.If it's an item that is technically for improvement of the whole house (landscaping, common area improvements, exterior siding/painting) you can only write off a portion.

I think that's purely personal to each person. 

:P )I am considering this at the moment as well, however I have decided that I will take the courses purely for the education.

@Andrew Gomez do you intend to live in one of those rooms, or is this a pure investment?

So it was technically a cash out purchase but not a pure investor play. 

Someone you have talked to about doing this with for a while or is this a pure gatekeeper decision for you meaning you are doing it just to get started?

Great for pure passive income.