How far is local?

[Angel Rosado]

Hi all,

So I am planning to become a buy and hold investor but living in in nyc cash flow is very tight so I am thinking about opening my search radius.  I was just wondering what each of you consider local either in miles or time driving.  For me, I'm thinking that local is about an hour drive but I also understand that any further a PM would be required.  

So what are your thoughts? 

[Michael R.]

I would consider also where you know markets or where you have a support system.  I invest where I have family and or a base of contractors that I can call. Also consider the infrastructure.  For example, if you want a steady stream of tenants you could look for areas surrounding hospitals in Northern PA.