Having our own construction team made a huge difference because we could pivot fast and keep things on track.As we moved into larger, Class A deals, the risks became more financial, bigger loans, more capital, and tighter margins.

Better to lock in an interest rate for 30 years, or at least, 5 years.Here's some other info to consider when investing out of state:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location/neighborhoods to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

I'm currently looking to flip a house or two in my local B class neighborhoods.

Im from Washington DC and im planing on moving back once im out of the Navy.

If you could go back, what would you do differently before buying your first property?

Avoid HOA-heavy or over-renovated properties, and prioritize Class B rentals near colleges or job hubs.

What do you think is the best path for someone investing out of state for the first time?

@Graham KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location/neighborhoods to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

Or try the reverse - rehab a Class D property to Class A standards and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

@Don Le first off, are you sure tenants pay their own water?