.)• Mistakes to avoid as a new out of state investor• Recommend neighborhoods or cities you have had success withOverall, I am here to learn, share my journey and build relationships that lead to win-win deals.

I’ve spent a good amount of time running numbers and analyzing rent-to-price ratios, but I’m finding the hardest part is actually narrowing down which towns to target.A few things I’m keeping in mind:I like being near water since values usually hold stronger long-term.At the same time, I want to avoid areas with high flood risk.I’m focused on steady, long-term rental demand rather than short-term or vacation rentals.For those of you already investing in the Carolinas:How do you evaluate towns when deciding where to buy?

Over estimate the timeline and you will avoid sticker shock or desperation when the note is coming due and it is not even on the market yet.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Versus how much would you have paid to a professionally property manager who might have avoided this situation altogether?

Still, proper documentation, compliance with interest reporting (Forms 1098 and 1099-INT), and avoiding pitfalls like dealer status or misclassified personal-use interest are essential.Ultimately, when structured thoughtfully, creative financing becomes more than a growth strategy, it transforms into a sophisticated tax planning tool that turns leverage into a lasting financial advantage.This post does not create a CPA-client relationship.

Also, connecting with experienced investors and property managers early on can save time and help you avoid common mistakes.

Common mistakes to avoid as an out-of-state investor?

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Bosch/Miele/LG models (I have one in one of my units) and potentially add leak sensor pan to avoid ceiling waterfalls, and rough-in every unit now while walls are open so you can add-in upgrades later.I think I have found a way to put standard washer and dryers in the unit.