What are steps I can take make this as safe as possible. I am worried about if the property manager will stay on top of my property or not. Does anyone have any experience with this?
You’ll need some good references to see if the manager you choose is good. Any reason you are choosing to go out of state rather than work closer to home and manage the properties yourself?
I agree with Rich. It is always better to invest close to home if the numbers work. However, regardless of location, you should run the real world numbers to make a decision. The math should tell the tale.
The reason I was thinkging of it is because this company has one stop shopping set up.
They just sent me the paperwork on a quad with a asking price of 70k and 3 units already rented and almost a 2k gross a month.
The market is way different there.