Buying out-of-state properties for cash flow can be a smart strategy, and Petersburg, Virginia could be a potential option worth considering.

For your Cleveland BRRRR adventure, zoom in on neighborhoods that look promising, learn about property values, repair costs, and potential rental income.

So a booking on airbnb where a tenant is paying $2500 a month after airbnb fees is most likely closer $2000 in your pocket after airbnb's cut on the booking.Vs, paying the $99 for furnished finder, paying for someone to manage the application process, is going to be a lot more money to you over the course of the year while also potentially being able to offer the tenant a better deal (no taxes or fees).  

@Mike Hsiao1) Inspect home ASAP to determine:- If they are taking care of the property and YOU want to renew- Do Pre-MoveOut Evaluation of potential repairs needed.

I think having a CPA local means you could potentially pop in and ask questions, but even then most would ask for an appointment to be scheduled prior to and they might not have openings for a couple weeks.

Personally I think I don't want to deal with pets because a) it's a condo complex and I would feel bad for the neighbors if a dog was sitting in the unit barking all day while the family was at the beach, and b)  I live 900 miles away and would not be available to assess any potential damages incurred by someone's pet.  

How do you effectively navigate property tax assessments and appeals to ensure accurate valuation and taxation?

The seller should be able to provide a clear title guarantee.Property Survey: Including a recent property survey in the transaction can help clarify the boundaries and dimensions of the property, avoiding potential disputes later on.Home Warranty: Consider including a home warranty for a certain period after the closing.

Yes, for a few reasons.1) local to you - you would most likely have an edge to start right where you are, since you may have better access to data and physically can go to the properties and/or meet investors in person, if need be, etc. 2) since the #'s are typically larger here (SoCal) you have the potential to make larger $'s !

There has been pent up demand the last couple years, and potential home owners realize they’ll have to pay these high prices with high interest rates to own a home.