Distance from first investment?

[Katie McCaskey]

General question: What are your thoughts on the ideal distance between where you live and your first investment where you're managing tenants?

I'm guessing most will say buy something you can see every day. However, what if you lived in a small market that was already saturated (more rentals than demand)? How far is "reasonable" to manage a SFH?

45 minutes away? 2 hrs away, for a major market?

Thanks for your thoughts.