Remote vs. Local Investment pros and cons

[Scott K.]

I live in and own a 2-family home in NYC and this has worked out well for me so far.

I'm looking to purchase a 2nd property, but I'm not sure if doing so locally would make for the most profitable opportunity. On one hand, RE prices in NYC are very high. On the other, local properties would be much easier to search, buy, rehab and manage.

I'd be curious to know the community's thoughts on the matter.