🌆I Own Investment Properties but I Still Rent -- Maybe you've chosen to rent in a major metro because you want to live there, but got started investing out of state.

An agent that recently showed the property reached to stating that their client love the property but would like to know if the landlord would be okay with installing a gas line or gas stove either at their cost or landlord cost.

As you mentioned, there is a ton of research that is involved in flipping out of state, and we strive to significantly reduce that time spent researching by providing our 10+ years experience of successfully flipping hundreds of homes in out of state markets.

I am a licensed realtor here in Los Angeles, don't want to deal with the exodus of insurance companies and difficulty getting insurance and keeping it after a claim, tenant landlord laws being heavily in favor of tennants, exorbitant property taxes and minimal RTP among a few other factors with these being the most inspiration to take my money out of california.  

You can also source for people getting divorced, people new to a state or area, college kids, remote workers.

Several states, and many cities and counties have source of income, ie, sec 8, as a protected class.However the op still should screen his tenants and it sounds like he did not. 

Best to talk with a licensed LO in your state that can tell you what you qualify for and not make those decisions for yourself.

If the numbers don't align well locally, consider exploring other markets - dive into out of state investing.Starting with a turnkey cash flow rental is a good idea when investing out of state.

Hello BP Members, My tenant took Home 365 to court and I am also included in the law suit.

I moved to Ohio and now work as an agent and a new investor in the Cleveland market.Single families are in the 90-120k price range, and duplexes are in the 120-180k price range.Many out-of-state investors have grown their portfolios in Cleveland using the BRRR strategy.