.- Affordability:Some out-of-state markets may offer lower property prices, allowing you to get more for your investment.- Higher Cash Flow Potential:Certain markets might provide better rental income, leading to increased cash flow.Cons:- Limited Local Knowledge:Understanding the nuances of a new market is challenging without on-the-ground experience.- Property Management:Managing properties remotely often requires hiring a property manager, adding to your costs.- Increased Travel and Communication:Regular visits and long-distance coordination can increase both time and expense.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.

From there, I hand wrote letters to distressed owners of properties, and did some fix and flips. 

I have 9 properties I have acquired in the last 4 months.

This happens regularly, according to the on-site care taker of the property.

Purchase price: $109,000 Cash invested: $121,000 My first property to fix and flip.

I have properties that have a negative CoC.

After construction is finished, the entire property (with the residence) will be appraised and I can roll my land loan and construction loan together into 1 mortgage.

It definitely can help a seller get a higher offer on their property.

You might find a off market priced property but use this to start doing analysis.

For example lets say its $800k property that rents for $3,000.