Common for Investors to have properties in a different metropolitan?

[John Ma]

Hey guys, I want to hear what others who have been in my shoes have experienced.

I currently have properties in a metropolitain that I find to be profitable and easy to invest. I currently live here and have a job here as well.

My short term plan is to move to a larger metro area (DC) within the year for lifestyle reasons. Unfortunately, I find that area to be difficult to invest in with my buy-and-hold stratagies that I've been using here and the range of captial that I'm playing with at the time- so my is to continue investing in this area as I know it will continue to to grow. Perhaps when my enterprise has grown large enough, i can dabble in a larger player such as the DC metro area, however at this point, I plan on being a long distance property owner. How common is this in our community?

I know it can be done as I hear about some investors who invest in out of state and have never even seen their property, or investors in business who have businesses all over a state.

Any advice, other than the typical having a solid lease, good property manager, ect?