Invest in my own backyard or another state?

[Chelsea Price]

Hi! New to this site as well as investing. I recently inherited $200,000 cash and thinking about investing in a STR. I live 24 minutes from the White House and within a 3 hour radius from many viable tourist area options. However, beach towns down south that I would have to fly to if I wanted to check on my property are really pulling at my heart strings. What say you? Invest in my own backyard since I'm new at this or go grab my " cheeseburger in Paradise"?

[Russell Brazil]

Invest locally. It reduces your risk greatly, no matter where you are located.