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Updated about 7 years ago,
buying out of state/non-local property
Hello everyone, I live in an outrageously expensive HCOL city (Seattle) but I want to invest in RE. My 80k isn't going to go far here. So I'm looking elsewhere in the NW and out of state. Is it a bad idea to do this? I just sold my first rental but that was in town/driving distance so I was doing the maintenance when necessary. It was also relatively new construction so not much maintenance to deal with.
Is long distance a no-no for someone starting like me?