I'll send over some of my go-to recommendations for the people above. 

I focus on mid-grade quality items that are durable and pleasant to use yet not so nice that people are tempted to swipe them and are then expensive to replace.

I know people that have had great BRRRR success in Detroit and Memphis, including myself.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

I'm sure many people will disagree strongly. 

upside is you can open up your tenant pool to people who have resources for their own home but may be missing some of the traditional bank qualifications.

You've gotten a great response above from @Michael Plaks I'll also note that for this or any similar "strategy" people come across to just step back and ask the following: Does this have a genuine profit/business motive? 

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

I would not borrow from ANY lender I learned of over the internet unless I knwe personally people who had used them.