Out of state purchase as a first time investment
Hi,
As a first time investor is it advisable not to pursue and out of state purchase? I am looking to buy in downtown chicago and I can only fly there if something happens. Can I rely on property managers to rent it out (to the correct party) and also help proactively in fixing things? I understand I lose a percentage of the rent if I hire a property manager but still. Are there any other issues I need to be aware of if I buyout of state?
- Paul