Buying a buy and hold property
Hello,
I am looking into purchasing a property to buy and hold that is a 2 hour drive away from where I live because where I currently live it is very difficult to find a property that reaches the 1% rule for monthly rent being 1% of the purchase price. However the property in this town wil exceed the 1% rule, but it is fairly far away from where I live. Does anyone have any feedback on this? Bad idea to live that far away from your property? Has a similar situation worked for anyone? Any feedback is appreciated. Thanks!