I want to make sure I am maximizing the investment potential of my available cash and wonder if it's wise to have it all tied up in one rental.

I realize it's wise to have one looked over by a real estate attorney before use. 

Thanks for you input and thoughts Basit, wise heart felt words.

I know it’s hard , and I’m also young but I want to spend my money wisely and start young.

My question is, is it wise for my first investment property to be out-of-state? 

My question is, is it wise for my first investment property to be out-of-state?

@Haider Abdullah I’m wise enough not to tell you what to do but I can share our thought process as we are in a similar position.

However, due to the financial quandry that Congress is now in, for how to pay for U.S. efforts to over-come COVID-19, & which implies that Congress will devalue the U.S. dollar, to do so; it is wise to buy real estate, as one of the few things which holds its value in inflation years.

We repainted the whole unit, everything was honey oak wood-wise, so we stained the doors, updated the hardware, stained the windows, and painted the fireplace and trim white.

You are making a wise decision but definitely read the book and keep making connections in order to make educated decisions!