I know that the property management it's not a primary consideration but I share it with you cause I have a very good and reliable team in Orlando so I'm sure they will save me a lot of money if they will take care of the properties.I'll be happy to get advices and detail info from a local investors in those cities. please be specific including neighborhood names or zip codes where you think will be the best to put the money in. 

I would like to draw on my background which includes a bachelor's degree in Mechanical Engineering, control system design, sales and proposal writing.

Account Closed Many many investors living in expensive areas invest OOS, myself included.  

Check out the Tenant Screening at the top highlighted in Blue on this forum,,Rental Criteria is what you go on,, you set that and screen per that. 

Hi @Ryan Evans,I have 109 front doors in mostly suburbs of Cleveland, including a 24 unit I am closing on soon in Akron. 

I'd recommend including pictures with the letter. 

Are you saying the liability portion of your insurance costs you $500 a year or the entire premium is $500 and includes $180k in property insurance?  

Hello allI have a strip mall in Blue Ridge Ga that has about 11 acres behind it.

What's included in your rehab budget?

I’ve got the age old question of whether we should sell our townhome or keep it and make it our first rental.This is my first post on BiggerPockets so please let me know if I have left out any information that may be helpful in the analysis.Single Family TownhomeBuilt: 2001Purchase Date: 2008Purchase Price: $270,000Property Tax: $5700/yearHOA: $125/monthWater/Sewer: $1320/year (Must be paid to county by home owner)Insurance: $800/yearMaintenance Costs: $400/year Other planned future costs: Roof (in about 5 years, ~$5000), water heater (in 7 years, ~$1300 including labor), water softener (in 5 years, $500)Current Mortgage (Refinanced in 2012)Term: 15Rate: 3.375%Principal: $140,000Market Value: $230,000 (Upstate NY market with minimal appreciation expected)Rental: $2000/month ($2200 possible but I want to be conservative)I was also considering refinancing to a 30 year mortgage to help with cash flow but I’m not sure if it is worth the $4000-5000 in closing costs to refinance.Normally I would not consider this a good rental property because of the low/negative cash flow.