Property management companies prey on out of state investors because they are cash cows.... the local investors are just base hits for PM companies but out of state investors are the home runs for property management companies...

However, in the long run, it will be good. 

Water runs for about 10 seconds then the flow slows to a trickle.

I am running into the same major problems in the showing aspect as well.

I would guess in the long run those houses will have better appreciation. 

From a scale perspective I would probably rather have a 100 unit apartment building because at that point in time you are completely passive and have a property management firm running everything for you.

But it was amazing these guys had a 20 year run. brought in Millions upon millions at 10k a pop and basically never brokered a loan..  

Call someone later to talk about the deal they discussed, or to get a better, more complete understanding of why they did it that way, and how they did it.When you start looking at deals, in whatever interest area you have and you run across something and conclude that it won't work, maybe it won't work for you. 

Anyways fast forward 10 years and after running my own contracting jobs and doing other things I finally had the money and I didn’t need a partner or private money.

At some point the state WILL need immigration from other states in order sustain its growth, but I don't know when this spigot from the other parts of IA is going to run out.