I highly recommend finding a market that is landlord friendly, cash flowing, doesn't have regular catastrophic events, property taxes are low, insurance rates are under control and you like the area.

For investors with out-of-state properties, I’ve found that having a PM who actually inspects the property regularly, negotiates or vets bids, and provides transparent reporting makes a huge difference in both cash flow and long-term equity.

Hard money lenders in Memphis regularly fund 100% of the purchase and 100% of the construction, allowing investors to build brand-new properties (including new-build duplexes) with around $10K out of pocket on average.

I'm sure there are 1 in 100 or 1 in 1000 that have really worked the program and become a success at some point, but they are rare.If you can't use your personal credit, I don't think you are going to easily and regularly find private money or asset based lending, things like that. 

You can ask them if they currently have any off-market deals to share, and whether they work with investors regularly.

@James Thomas Nakashian You can use your regular process and modify your lease accordingly.

I’m in property management here in Oklahoma, and I wanted to chime in because having professional management in place can make a huge difference—especially once you start scaling into small multifamily properties.A good management team can help protect your investment and actually save you money in the long run by:Keeping occupancy high – Focus on minimizing vacancy by marketing effectively and maintaining strong tenant relationships.Screening quality tenants – Careful vetting upfront prevents a lot of headaches (and expenses) down the road.Staying on top of maintenance – Timely repairs and preventative maintenance protect your property’s condition and value.Conducting regular inspections – Move-in/move-out inspections plus periodic mid-lease checks help ensure the property is being properly cared for.Streamlining communication and compliance – Handle rent collection, lease enforcement, and make sure everything stays compliant with state and local regulations.For investors like you who want to focus on growing their portfolio instead of day-to-day management, this kind of support can really help maximize returns and keep things running smoothly.If you ever want to chat more about how management could fit into your strategy or what it looks like for small multifamily properties here in Oklahoma, I’d be happy to connect.

Your regular homeowners insurance policy may not cover you if something happens while you are renting it.

He's gonna recommend cutting the bottom walls and washing the studs once his test results come back.

They don't use a regular credit reporting like many other HMLs and other Mortgage companies.