Out of State Investing for a Low Capital Investor

[Zach Beaton]

Team, I appreciate any time y'all will give me.

Let me explain my scenario - Myself and a Business Partner are 30 years old, we have a single 4-plex and a condo currently under our belts in Portland Oregon. For obvious reasons, we are looking to expand our investments beyond Portland Oregon (renters laws, high initial down payments, brutal landlord tenant laws, low cash flow) to a market with a lower get in cost, as well as a market that cashflows. I've been dumping hours into finding the right market to invest in considering we dont have piles of cash and have narrowed it down but am curious on the communities opinion. Ultimately, I'm looking for any tips and tricks for out of state investing or recommendations on a market. Game plan is to buy duplex's (or similar) and have a local property manager run the day to day. I would also be interested in whether or not forming an LLC (or equivalent) is a good idea vs owning the properties personally/ what the pros/ cons are of this approach.

Sorry for the broad stroke of a question - any help/ time is appreciated! Enjoy the long holiday weekend!