@Angel Moreno -That's awesome.....good luck with the closing, I am sure it will go smooth

Your agent will be coordinating with the lender to make sure everything is going smoothly.

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

Although it is important to be understanding of tenants' needs during difficult times, it is also necessary to ensure that your rules are respected in order for the tenancy to run smoothly.

If you send me your email, I'll send you a slide deck that I presented at a local meetup going over the strategies I used to scale so quickly. 

They tend to break things more (faucets and the like) and let the maintenance slide more then experienced renters.

Sounds like it went relatively smooth for a first investment. 

Wanted to share this because not everything goes smoothly.

This bring my ROI to 9%After the initial renovations, I can increase rent to $1,300 per month.Tax benefits (depreciation is around $3,000 per year on low end)good neighbor, good school, 10 mins away from where I livePurchase Price = $250,000Down payment = $62,500 (25%) / Closing Cost = $17,500 / Initial Renovation Cost = $20,000Out of Pocket = $100,000Loan = $187,500 / Intrest Rate 3%Monthly Expenses:Principal & Intrest = 790.51Home Insurance = $100Taxes = $428.33Water / Sewage Bill (Owner) = $100Maintenace / Repaires  = $200Vacancy Rate = $161.88 (10%)Total Monthly Expense = $1,780.72Monthly Rent IncomeUnit 1 = $1,100Unit 2 = $1,100Total Monthly Rent Income = $2,200 Initial Renovation Cost = $20,000Roof:Needs a New RoofFix/add gutterAtticMoldBasementWater in basement (either gutter issue or need french drainage system)MoldTermitesneeds new Electrical Panelrepair Sump Pumpsneeds a new 1 FurnacesOther small stuff:Leaking 2 sinksall Windows trims are badneeds 3 light Fixturesneeds all Light covers for plugsneed to repair 2 small Wall holesinside can use new Paint on some parts2 missing sliding, needs cleaning

Seems like things went pretty smoothly for your first property which is excellent.