I had my property manager break in (we had no keys), and he was able to rehab it for just $5000, and then I got it rented out for $525/month. 

This year we created an entire support rolodex for on the ground support for buyers post closing that includes; handymen, cleaners, contractors, licensing & permit consultants, interior designers, landscapers and hot tub cleaners.

The custodian signed the closing docs that included the loan, received and forwarded all the mortgage statements, and paid the mortgage monthly.

Let's break down a few considerations:A popular tactic is to invest in properties outside of your state, particularly if your investing objectives conflict with the state's market circumstances.

In practice, the effect of tax savings is usually not included because it can be complicated to calculate.- IRR (Internal Rate of Return) can be used to measure the net return generated by ALL FOUR sources (i.e.

The problems I see are:Rent is a low percentage of the house value, so not optimal use of this equity/capital.Property taxes are high due to the higher house valueMy costs would be a baseline of $2700+800 = $3500 plus maintenance, unoccupancy, etc. so basically breaking even cash flow for 12 yearsIf/when we sell it, we'll owe capital gains tax since we wouldn't have a "new" house to 1031 into.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

The company I work for has great benefits including retirement that I don’t want to lose.

Being so new, I can't really report how it will turn out and won't have much time to read about anything as my first load of homework is enough for 3 weeks - I have until Wednesday (and that includes my travels on Saturday then again continent to continent on Monday).

If it's a real issue, I'd probably just let the tenants break lease and move on.