I would say there's plenty of value.Identify the risk, measure it, and mitigate it.

Conducting thorough research, implementing strong property management that you trust, and always letting the numbers guide your decision making are a couple of the ways you can mitigate risks and ensure that your out of state rental property is a solid investment.Below are some out of state rental property tips:1.

If they don't take possession, you try to mitigate your damages and re-rent but you are covered with the first month's rent which they would not be entitled to.

Below is the response I received from the managing body.MY OBSTACLE: "In regard to your subleasing idea, the structure is such that we could not effectively manage a sublease scenario because to do so would be to delegate risk mitigation to another party.

 #1 has been mitigated in many cases since Fannie Mae allows their the property securing their loans to be transferred into a Single-Member LLC.  

@Chris Breezy any advice without more knowledge is dangerous, as I think you know and others have pointed out.So sticking to a real estate perspective, if he owns his own home the biggest bang for the buck is likely to be a purchase of a home in conjunction with a sale of primary residence (usually a no tax event up to 500k gain if married).

But worst of all, he wired my house in an extremely dangerous way that is a complete fire hazard.

Their attorney should protect them from being taken advantage of.in other words it is dangerous to do a cash for keys where the tenant does not have an attorney.

However, the arrangement triggers some special risks for buyers and sellers, and it's wise to engage professional help to mitigate those and allow the process to run smoothly.Here's what buyers should consider before they finalize a seller-financed deal.Don't expect better terms than with a mortgage.You may need to sell yourself to the seller.Be prepared to propose seller financing.Confirm the seller is free to finance the sale.You needn't necessarily finance the sale for a long time.Good Luck!

You have to mitigate your risk.Even after moving them in, you shouldn't allow them to abuse your house or live like animals.