How to Build a Profitable Rental Property Portfolio from Out of State

In this episode of The Infinity Effect Podcast, Cleveland Realtor and real estate investor Ryan Sackman sits down with Sam Doan, a Miami-based investor who has built a growing portfolio of rental properties with a particular focus on Section 8 affordable housing.

After transitioning from a successful career in corporate finance and technology, Sam discovered an opportunity to apply his financial expertise to real estate investing. His approach centers on one principle: cash flow is king.

Ryan and Sam explore why Cleveland became an attractive market for Sam's investment strategy, how they identify profitable rental properties, and what it takes to successfully manage and scale a portfolio from hundreds of miles away.

The conversation goes beyond the numbers to reveal the realities of rental property ownership. From unexpected repair bills and municipal inspections to financing challenges and property management problems, Sam explains why understanding risk is just as important as identifying a potentially profitable investment.

Drawing on his background in finance, Sam shares how he evaluates properties, forecasts rental income, accounts for maintenance and vacancies, and uses financing strategies to expand his portfolio. He also explains why common investing shortcuts, such as relying exclusively on the 1% rule, can be misleading without a more complete financial analysis.

Ryan brings his firsthand experience working with out-of-state investors in Northeast Ohio, discussing the importance of local market knowledge, trustworthy property managers, thorough inspections, and having reliable professionals on the ground.

The two also share candid stories from their working relationship, including deals that nearly fell apart, unexpected expenses, difficult negotiations, and the lessons they've learned while building an increasingly efficient acquisition process.

For aspiring investors, Sam offers an encouraging perspective: you don't need to purchase dozens of properties to get started. Building wealth through real estate is a long-term process, and even one well-chosen rental property can be a meaningful first step.

Ultimately, this episode is about more than acquiring properties. It's about building a sustainable investment business through financial discipline, risk management, integrity, and strong professional relationships.

Whether you're considering your first rental property, exploring Section 8 housing, or looking to expand an existing portfolio, this conversation offers practical insights into what successful real estate investing actually requires.