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Old 07-03-2011, 03:41 PM  
L-Pink
working on my tan
 
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Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,152
Out of state/country means you will need a management co. There goes 15 to 30 percent of monthly income. Another concern would be how much repair money is needed after each tenant leaves.

You are also gambling on the amount of appreciation if any over the next x amount of years.

Just pointing out a few negatives.

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