I think this might be the biggest driver of change in the market, besides increased interest rates.

The biggest problem east of Western is the loan limits Property Type FHA Conventional 2 Flat $468,150 $543,000 3 Flat $565,900 $656,350 4 Flat $703,250 $815,650If you are looking for cash flow you are going to need to go a bit west.  

For people traveling through the southern most counties, it is clear that there really isn't much of an economic recovery. 2019 Proj Total Housing 546,9665.18%2014 Proj Total Housing 520,0092010 Census Total Housing 442,2112010 Census Occupied Housing 389,06488%2010 Census Vacant Housing 53,14712%2014 Est Median Value of Owner Occupied Housing 103,5852014 Est Median Gross Rent 6902014 Est Owner Occupied Housing 268,89862%2014 Est Renter Occupied Housing 166,97438%2014 Est Owner Occupied Housing Vacancy 2.44%2014 Est Renter Occupied Housing Vacancy 8.07%2010 Census Total Households 495,358The biggest employment sources are: government, manufacturing, health care, retail trade, and accomodation/food service.

if they have favorable loan payments you can buy it subject to, spend the 2-3k get it rent ready and rent it out. downside is you'll own a house thats under water but you'll get it for nothing down.

Raj,The biggest thing about setting up an LLC in any state outside of your home state is the Registered Agent, this is where ALL legal documents will go if there are any (e.g., being sued) that have to be delivered to a person. 

Thank you for your reply.I think my biggest problem is that a 4 plex in Calgary goes for 1.5 million easy.

. -  my biggest advice to out of state investors is to focus on deals and/or management companies instead of cities.

The biggest issue you may encounter is funding with your SD plan.

I think the biggest 2 things are competent and organized. 

The way I see it the two biggest draws to SFH for tenants is not sharing walls and privacy of their own yard.