If you have a decent contracting team and realtor, you could essentially invest at a distance. 

Having a team in place is essential to long-distance investing.

Your heart will be pounding so no need to stress yourself out further. 3) A box clipboard might be useful for not only a solid writing surface but also to hold phone, calculator, or other items as you don't always have much wiggle room to rapidly put hands in pockets or handbag and back again (it's a bit of a body pack).4) Make sure you budget extra time in case you win because you'll be racing to the bank and back.5) If bank isn't within walking distance, you may want to take a rideshare or cab to the bank and back. 

@Michael S.Yeah, you could be right about Decatur, though they are widening 565, so I thought that could (potentially) drive more people to look down in Decatur (many already do commute between Decatur and Huntsville). 

Needless to say, these late-payers are grinding down our tolerance and we are thinking of cashing out and moving onto a different investment or something within reasonable travel distance.

Running an STR is infinitely easier when you live close by, and progressively harder with distance.

Also it would have to be a location that's within a reasonable flight distance from JFK or LaGuardia airports.

Can't wait to see you grow.If you're planning to invest out-of-state, I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

She appeared on Show 29, Brie Schmidt appeared on Show 78 and Show 132, and is active in Chicago and Milwaukee.Mehran Kamari appeared on Show 73, and invests long distance in Milwaukee.

So, both my wife and I are full time W2 employees and are in the 24% tax bracket, and I came across the short-term rental loophole which sounds really amazing for taking write offs and using them to reduce your W2 taxable income, but also equally difficult to qualify for, unless you are within a short driving distance to your property.