Quote from @Eric Gerakos: Michael, why would you invest in UNSECURED note funds when you can buy notes SECURED by real estate that are currently paying 10% for 2 or 3 year interest only terms?

I have a friend that buys and sells quite a bit in SoCal.

Can you buy a house and be within reason of what your current rent? 

I am looking to buy my first investment property and have heard a lot about  Fort WayneAs an out of state investor, I am looking to connect with investors/agents in the area to build further knowledge on specifics with the markets and hopefully bring business to in the future!

This is a lesson for others reading, especially if you're new to the game, consult with at least a property manager when buying a property with existing tenants.  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

I had a mentor who stressed "you make your money when you buy"; the next place you get, be sure to haggle big time - and walk away if the price is not low enough.

You can have an IRA-owned LLC (aka Checkbook IRA) to buy real estate with it or make any other alternative investments.

As long as the lender can finance in the state that you want to buy in, then work with them.