Thinking of changing strategies

[Edward Dandrea]

So I own a 5 unit and recently bought a trailer.

I make decent money and save a bit but the market near me is wacky.

I’ve avoided out of state for fear of management from a distance.

I’d like to try it and I’m unsure if it’s a good idea and welcome any advice.

I’m thinking Memphis but maybe someone has advice?

I chose Memphis because houses are 110-150k and I can pick them up for 25k cash.

It seems there are many large mgmt companies, how do you know who to trust? Any recommendations?

Any downsides or advice before I buy my first out of state property??

[Arman Ahmed]

@Edward Dandrea

Hey Edward, totally get the hesitation—managing out-of-state can feel risky at first. A lot of investors in the Midwest start small, like 1–4 unit properties, to get comfortable with remote management. The key is finding a local property manager you trust; I personally work with a network in Ohio that handles everything from tenant screening to repairs, so you don’t have to worry about day-to-day issues. Start with one property, build the relationship with your PM, and scale from there. Focus on markets with strong cash flow, reasonable entry costs, and reliable tenants. It makes the jump out-of-state much less stressful.