If you're looking for hard/private money I can tell you that most lenders would want to be at least in driving distance of the property if anything were to come up.

ThanksThere’s a Corvallis/Albany REI group as well if that is a closer commute for you.

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.

This lot is unique because there are no other neighborhoods within walking distance, except for this one.

Hey @Bonnie Cerruti - I'm a long distance investor, as well as a broker. 

The distance requirement is probably not so you can get there in case of an emergency. 

Amenities like a quick commute with good parking at a safe location matter more than hot tubs, and managing tenants is a lot more like an LTR (FF does not "do the work" like AirBnB).MTRs are a great way to serve a population that serves the community, but if you want to make a good return, it's important to remember the end-using tenant at all stages of the buying, rehabbing, and designing process.

A bit about us: we are currently investing long distance in Kansas City and are looking to get started in a new market.

I'm really not trying to sell anything with what I'm about to share here, but knowing that I wanted to invest out of state I turned to David Greene's materials on Long Distance Real Estate Investing.

The current average commute time nationally is just 26 minutes whereas it used to be much longer.