Northern California Strategy
Hello Everyone,
I live in Sonoma County California and I am currently planning on pursuing long term rentals with flips in between.
The more I research the market, the more I feel that out of state rentals are a wiser choice due to prices. My questions to you are as follows:
If I go out of state, how do you recommend pursuing properties? I'd rather buy a home before it hits the mls.
Should I fly out of state to personally inspect every possible deal? This seems costly...
Any advice on how to wisely purchase out of state properties.
Should I use a PM?
The out of states areas I am considering are Austin, Tx and Lynchburg, Va. Does anyone know these markets and whether or not the are suitable for a long term rental strategy?do you have any trusted contacts in these areas that you would not mind sharing (PMs, agents, handymen... Etc)
Thank you for your time and advice.
David