Keep in mind a 3% appreciation on $3K/month is higher cashflow than 3% appreciation out of state on a $1K/month rental. 

My student rental property was registered as a fraternity without my knowledge or permission, which I would have never given. 

I own rental properties in 3 counties in and around SA.

If I was going to invest in such an area it would be at very low or no leverage levels, such that there would be a large delta between my gross rental income and my net operating expenses including capex, vacancies and reserve set-aside.

This post is a must-read for anyone considering expanding their rental property portfolio.The post provides detailed analysis and data for each state, helping you make informed decisions about where to invest next.

Hello, I'm looking at hiring my in laws for my LLC rental property business.

My first investment will be a single family rental (acquiring a home from a family member, so not a large amount of money coming out of my pocket upfront).

Are you buying the house as a an owner occupied, or as a rental? 

FOLLOW THE K.I.S.S method plan (keep it simple and stupid).Find and hire a real estate agent that understands multiple investment strategiesGet pre-approved - see what options you havebased on your pre approved price - identify an area you want to invest in that you can affordLeverage the agent to : bring you properties, assist in pulling comparables (you should know your comparables of the area you are looking in, this is for a second opinion) review and confirm your estimated rental income, assist you with acquiring the property, and have a list of resources you could use; contractors etc.Looks at properties and make offers that work for YOU.Also,Do not pull your IRA money out, leave it there and let it grow - leverage this to meet your lenders reserve requirements.Buy Multi family to holdBuy single family to fix and flip and produce more income to buy more multi families.

Rental demand has been strong with an asking of $1,700 per month per unit that does not include utilities.