Managing from overseas...

[Michael Ross]

I am currently in the foreign service and a Marine reservist. I have my money diversified between my Thrift Savings Plan (maxing out), investments with my in-laws construction business overseas, an S&P 500 SPDR, and a healthy savings. I will be working at one our embassies next year in the Middle East and want to know how difficult it will be to manage a property from a far. Most of my career in the military has been overseas and the foreign service will be more of the same. Right now I am looking at Metro-Detroit to do AirBNB which I have done in the past next to the Pentagon. I am also looking at a traditional rental property in Tampa/St. Pete which will be near MacDill AFB. I anticipate that property management can handle somethings, but do I physically need to be near to get in the game? The wife and I also just purchased a plot of land in The Philippines in a resort area and have plans to build on it later (Tagaytay Highlands).