I live in Florida and invest in a 2.5 hour flight once a month to see my properties. As previously mentioned it's all about good people on the ground. I have made purchases sight unseen (except online) based off my GCs and trusted realtors review of the property. We have built a good level of trust. It was hard to start but once going I found that the hardest part is missing being involved on site. Both know what my tolerances are for purchasing investments. (How much work, areas I like to target etc.) oh and once I've made the purchase I've been on a flight most weekends to over see what's happened in the last week.
Know the area, find people you trust. It's difficult but do-able. Good luck. Last piece of advice- in order to maintain that level of trust it works both ways. If I say I will be there Saturday to pay someone, I'm there. They have to trust me as much as I trust them.
Tim
