All Forum Posts by: Kerlous Tadres

Hey Chris, welcome! I've worked with a lot of out-of-state investors, and the biggest thing I see is that success comes down to your local team and knowing the neighborhoods. Markets like Memphis and Cleveland are solid for BRRRR deals affordable, strong rental demand, and low turnover. Make sure you have a reliable property manager, a good agent on the ground, and a couple of contractors you can trust. The mistakes I see most often are underestimating rehab costs, overpaying, or relying on the wrong neighborhoods.

Hey Barbara, from my experience, out-of-state investing can absolutely work, but it comes with some extra moving parts. If you’re looking for minimal work and strong cash flow, I’d focus on markets where rental demand is high, prices aren’t crazy, and property management is affordable. The Midwest is often considered “landlord-friendly” and tends to have solid cash-on-cash returns. I would recommend doing your homework on local laws, tenant turnover rates, and property management options before pulling the trigger. Even if you find a turnkey property, having a reliable local PM is key, especially if you can’t be there regularly. From my experience, it’s better to pay a little extra for a good property manager than to regret being hands-off with a property that needs attention.

Hey @Manny Santacruz, my advice is to start small, get hands-on with your first property, and use that experience to refine your strategy for the next one. And don’t underestimate networking; chatting with other investors will give you practical lessons no book can teach. Screening tenants and setting up a property management routine that keeps your first rental running smoothly.

Hey Chris, from my experience working with out-of-state investors, the biggest game-changer is having a solid local team of agents, property managers, and contractors you can really rely on. Staying in the loop and setting expectations up front makes everything smoother. The mistakes I see most often are underestimating repairs, not researching the market before buying, not digging into neighborhoods, and assuming others will handle everything without checks. Keep your focus on cash flow, value-add potential, and always expect the unexpected. With the right people on the ground, managing remotely becomes way more manageable.

Hey @Jasmine Phillips, moving into your first 2-4 unit out-of-state is a great way to start scaling, but it comes with a learning curve. I’d recommend focusing on markets with strong rental demand and decent cash flow; don’t just chase appreciation. Look at the local job market, vacancy rates, and landlord-friendly regulations. Since you’re new to multi-units, try to run the numbers conservatively, factoring in property management costs if you’re OOS. I’d also suggest connecting with a local property manager early; they can be a huge help with tenant screening and keeping your investment hands-off.

Hey @Mark Wagner,
Make sure your numbers make sense, factor in cleaning, vacancy, maintenance, and management. Always check local STR rules before buying. Optimize operations to save time and costs, and small upgrades like smart locks or quality linens can noticeably boost your income. Track occupancy, rates, and cash flow constantly to stay ahead.

Hey @Joshua Piche!
From my experience, Ohio is a solid market for cash flow, especially in Columbus, Dayton, and Toledo. I’ve flipped properties, own rentals, and helped a lot of out-of-state investors get started here. I’d recommend focusing on neighborhoods with strong rental demand and appreciation potential. Having a reliable local property manager is key since you won’t be around. I can also share tips on rents, strategies, and what works best for cash flow.

Hey @Graham Kim,
I’d recommend going move-in ready or with light cosmetic rehab for your first deal. This keeps it manageable, lets you learn the ropes, and still allows for cash flow. Heavy rehab is usually too much for a first-timer.

Hey Young, from my experience, turnkey multifamily is great if you want mostly hands-off cash flow. But making the math work can be tricky with higher prices and expenses. I’d recommend looking for deals where you can add some value, even small fixes that boost rent and return. Always run the numbers carefully, factor in vacancy, maintenance, and management costs, so you know the deal really makes sense.

Hey Matthew, every market you mentioned has potential. The key is learning how to analyze deals well and focus on finding good properties in better neighborhoods. That’s where you get the best mix of cash flow and appreciation. Take your time, run solid numbers, and keep an eye on the local rental demand and comps. Starting with one market to build experience is always smart.