Any reason to be near your property?

[Johnathan Norman]

First some background...  I've done multiple single family homes in Texas which is where i grew up but I now live in Washington. Property management company manages my residential properties in Texas and I'm a passive investor on a few apartment deals. 

I am looking to do my own 10-20 unit apartment complex and the deals in Washington are not great. Also some new landlord rules up in Seattle are making it an unattractive market.  Texas  and a few other markets however seem more viable but i'm a tad concerned about distance. Ironically when I reflect on the fact that i have residental properties today on the other side of the country it isn't a problem at all. 

What is the view here about doing your first multifamily deal in another state? Obviously i can fly in periodically for due diligence  etc  but do you guys/girls think it is a bad idea?