Rental Penetration in Remote Locations
This question is targeted to those landloards and investors that handle properties that are remote from them (ie several states away).
How do you guys manage them? Do you ever see the house prior to your purchase?
Due to my limited up front capital, and the overall markets in California (I live in the Bay Area) it's hard to find a house in my micro market that will conform to the 2/50 rule. Because of this, I've been pondering the idea of purchasing out of state, however, since I've just recently began my research in REI, I wanted to see how you seasoned investors handle this hurdle?