Anyone have success with out of area/out of state rentals over the long term?
I'm curious if anyone on this forum has had success with out of area or out of state rentals over the long term. Investors in expensive parts of the county often have to go far away to find good cash flow and good numbers. And I know there are many, many horror stories of people losing their shirts buying out of area (and especially out of state) rentals. But I was wondering if there are any success stories? Where investors get solid cash flow over long periods with out of state rentals. It is tempting when you live on the coasts in see the numbers for rentals in other areas. I have personally owned rentals both locally where I live and out of state. I found out of state very tough to make work.