First Rental Help 1.5hrs away

[Chris Miller]

Hi,

I am brand new to RE investing.  I live in suburban Philly and want to learn as much as I can to a few seasoned veterans willing to share their knowledge.  I'm pretty sure I want to get into multi-family units, but always willing to hear your thoughts on the pros and cons, along with other options.

I came across an option in a good, small college town, but it's 1.5hrs away.  Multi-unit (3 +garage) that presently brings in $2050/mo (all month-month leases presently). Mortgage $816/mo. Worth looking into via 50% rule.  Will need to check the bones.  Anyone do a long distance rental with their first investment? I am thinking I will need a PM as I work full time. Advise???

Excited to begin the journey

Thanks!

Chris