๐ข Why I went out-of-state AND multifamily instead of buying another house in my own backyard
A single rental in a pricey local market ties up a pile of capital behind one tenant and one roof โ and if that tenant leaves, you're at 100% vacancy that month. Out-of-state multifamily fixes both: a duplex or fourplex in an affordable Midwest or Southeast market spreads risk across several units under one roof, so one move-out is a dent, not a disaster. The per-door price is dramatically lower than the coasts, the rent-to-price ratio is exactly what makes the 1% rule reachable, and you get real economies of scale on maintenance and management. The tradeoff is you can't drive by on a Sunday โ which is precisely why the local team matters so much. Spreading across two or three markets also means one city's bad year doesn't sink the whole portfolio.
