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Pros and cons of buying out-of-state rental property in 2022

Housing Wire

You want to invest in an area with a higher demand for rental properties. Some areas have lower property taxes and expenses than others. You found a property you love and may want to retire to one day but will rent in the meantime. If you invest outside your state, you may want to hire a property manager.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Otherwise, you may need to hire a property manager. Property taxes. Sepehr Niakan, a licensed real estate broker at HB Roswell Realty and founder of CondoBlackBook , has sold hundreds of bank-owned properties in Miami and is an avid real estate investor. Maintenance costs. Mortgage payments. Sepehr Niakan.