New to BiggerPocket/Best place for rental deals in NOVA?

[Chase Gu]

Hi, Everyone:

I am Chase and I joined BP several weeks ago. I am from Northern Virgina, close to Tysons Corner. I mostly buy and hold properties for long-term investment and I also invest in syndication and crowdfunding deals. 

Right now I have a few rentals in Sterling (I am self-managing), which I bought a few years back. But the property price has since increased so much in the past couple of years and I could not find much deals close to where I live. 

I have been thinking to invest out of state. But frankly I am nervous to invest out of state. I have to find a good team I can trust, which could be really hard. I also feel I do not have much control on out-of-state properties. So for now, I want to keep looking for opportunities closer to home. 

Here is my question: for those familiar with Greater DC market, what are the best places to find rental property deals? I am looking for 3 BR, 2 bath, 1200-1500 squre foot, single family/town house (2-story), in a class B neighborhood. Price range: $100-$200K, monthly rent 1% of purchase price or higher. Tenant pool is very important to me. Dealing with difficult tenants in exchange for a higher return is not gonna work for me as I have a demanding day job. 

I do not mind places with 1-2 hour driving from Tysons. But anyplace more than 1 hour driving, I will have to find a PM. I have been tracking some properties in Fredericksburg and Stafford but I am not familiar with the area. I am also open to properties in Maryland. 

Any suggestions are much appreciated!

Thanks!

Chase

[Eddy Dumire]

I just bought my 5th property in Stafford /Fredericksburg. Let me know if you have specific questions. Read my "diary of a pig" post for a scenario you don't want :)

As long as you stick to the nicer neighborhoods you can find exactly what you're looking for in Stafford.