I have invested out of state in both Indiana and Ohio...to be open, I've done so through my company, so finding the trustworthy boots on the ground was extremely easy.In my research, I've found property management fees to be anywhere from 7 to 10%, depending on the market, etc.Hope that helps.

@Steve Babiak Oh, trust me, I am.

@Nate Hollembaek I am in the Portland area so I do not know the Eugene market extremely well, but I do know enough about it that I think it is a fairly stable market for buy and hold investments because of the fact that it is a college town as well as an attractive city for people to live in long term.Not to sound too cliché, but you should probably get connected with a local real estate investors association there.

Trust me, I've done that already.

My mom pushed me way before I was ready (except I was ready) and although I didn't understand the whole picture or even the next steps I followed trusting my mom and have bought 2 houses a year for the last 4 years.I also started when I was 23, when I bought my first two houses I thought that this was the SLOWEST thing ever.

I've caught issues the tenant hadn't reported, but weren't their fault and had to be extremely annoying to them.

I believe in this business and I am extremely excited about getting started, but I want to go about it in a wise way and of course wisdom comes from experience.

However, I imagine deals that meet that criteria are extremely rare.I am wondering if the following makes sense, or if there are flaws and/or things I'm missing / not accounting for.

That said, once that happens, we will be looking at whether it makes sense to create a new system . . . perhaps you guys can be the brain trust on that?

Lakewood is huge, and extremely varied- lots of different types of neighborhoods, some are quite beautiful.