I currently invest in PA with plans to venture off in in New Jersey also.You have an option of hiring a property management company or self-managing if you decide to invest out of state.

If you can demonstrate this, then there may be some options. 

Badass.The Skeptics Take:It’s spring and I think I speak for everyone when I say, time to double click on those sunny clothes and put the sweatpants in the lower drawer.

This could be an option but based on where you are you might be better of looking near a national park and rental arbitrage is going to be less feasible in those areas (but still possible). 

Like mentioned before, most investors are looking at creative financed options for deals right now in the area.Creative finance, putting a lot of cash down, or house hacking can all be viable solutions.

Thanks  Pros:-Lower monthly payment = higher cash flows-Save more equity than paying down principal, can be utilized in other projects and to scale-Generally better for tax purposes (no tax benefit to paying down principal)Cons:-Higher rate-Higher risk (deleveraging over time give you more LTV cushion generally)-Less cash out / harder to refi in the future (UPB will be higher)

I'm getting started in the real estate investing world and am almost ready to buy my first rental.I’m debating between two different investment strategies and would love to hear advice from experienced investors here.Would you a) buy a two unit and house hack with 5% down (all cash in around 40k) in an appreciating area with a little bit of cash flow every month or b) start BRRRR strategy right away out-of-state in a C neighborhood.And a third option, if you have the ability to do both concurrently, which one would you start with first?

LTRs offer steady income with less day-to-day management, potentially appealing in a market with limited options, yet may yield lower returns and pose risks of wear and tear.

As someone dreaming of passive income, I’m looking for guidance on creative financing options for my first property.

I would estimate that if a manager was to provide this service only, they would charge a bit more as they would not be receiving continual income over the life of the lease.Feel free to reach out if you want to discuss some options that I may provide.