Question: what are your principals for investing out of state?

[Mel Hayes]

Question for experienced investors who invest in rental properties out of state: what is your process? Do you buy fixer uppers? If so how do you oversee the rehab? How do you deal with property management?  Do you only buy turn-keys?  Do you visit the area you are buying in? What is your "homework"  process on the rental market?  Are you at the mercy of the agent when picking a property?

I'm trying to develop my buying process so I'm hoping the community can give me some ideas and share their process with me.  If their is any additional Education I should look into that you suggest please do so.

Thanks BP

[Alpesh Parmar]

Figuring out the market requires what you want to get out of particular investment...

For e.g. I do buy and hold but also want to make sure I have direct flight to that particular market. That was one of the reason I sold both my SFRs in Milwaukee this year. I don't focus a lot on appreciation and consider it as a bonus.

Goal is to invest in a B-C neighborhood and a B-C class property. Finding contractors and property managers are through referral and I don't just rely on one GC.