They just take more time, energy, and willingness to take risk through quick action. 

You have an economic interest in seeing that the property is correctly insured. 

This preference makes sense because if these GMs are still in business, it likely means they have developed strategies to maximize profits within different economic cycles.

Others like the low cost of the mid-west and have the, skills, time and energy to manage a project long distance.What strategy to deploy will depend on your goals and what your skills, lifestyle, and capital allow you to accomplish and the balance of those 3.

There's a lot of macro economic conversations about "bubbles" but I think it's really interesting to compare what's happening now with 2008.  

I've looked at NM for probably ten years and never found anything that would even come close to making economic sense. 

Be sure to have good exit strategy for if/when that happens.A wise mentor told me once that until you've "Battle tested" a strategy for at least 5 years thru one full economic cycle, consider it still all good luck.

Both states rank in the top 10 for population growth since 2020, indicating robust economic prospects.

Demand Analysis: Assessing market demand, occupancy trends, and economic factors influencing demand.4.

I stopped hunting in '22 and it's amazing how much effort, time, indigestion and life energy I got back.