With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

.#4 - Have someone local that you trust, go over zoom and get to ask them question.

Johnny, sometimes the best lenders aren’t local.

Start by networking with local investors, identifying target neighborhoods, running numbers on potential deals, and lining up financing so you're ready to act when the right opportunity comes up!

Investing in Wisconsin and Illinois is a great move—both states offer solid opportunities for multifamily and single-family rentals.If you’re looking to connect with like-minded investors or agents, I’d recommend joining local real estate meetups or REIA groups in the areas you’re targeting.

Follow the local licensing and disclosure laws.

I'm from Franklin, which is about 20 miles south of Nashville, and I'm very familiar with the Greater Nashville area growing up here.Feel free to reach out if you're interested in connecting and I'm happy to be a local resource.

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

This deal came through Partner Driven's local network in Windsor, NC.

So going to attempt something more local first. :)We definitely want to invest in true vacation rentals as well but this will be a good learning process with not as much risk to start.