Also, consider things like finishes, neighborhoods, and amenities within a distance. 

Hey Lance, I'm a broker and I've worked with quite a few out of state investors helping them secure property from a distance.

I'm curious to hear from a distance investor (or multiple states property owner), or Lenders that are familiar with this matter that should I form 2 different LLCs in 2 different states?

There may be more as you go further out from Raleigh or into Durham - but these 3 stood out to me as being cheaper than or equivalent to rent while still being close enough to commute into Raleigh for work and fun.

It is possible to manage from a distance, but it's not easy.

Been trying to soak in as much information as I can through the forum and books, currently reading "Hot to Invest in Real Estate", have read, "Long-Distance Real Estate Investing", "Short Term Rental, Long Term Wealth", "Rich Dad Poor Dad", and "The Book on Investing In RE with No (and low) Money Down".

In a rural area, you can expect more acceptance due to the distances between homes, the taxes STRs bring in can make a real difference (plus the places people visit drive revenue) etc.There are a ton of folks converting their STRs to LTRs due to outright bans in the bigger cities.

@Anna HoweConsidering your upcoming move and the challenges of long-distance property management, selling your home in Winnemucca might be a better option.

Putting together a team out of state is hard enough as it is, but learning REI and building a team from a distance at the same time could be a recipe for disaster.

Closet is currently used for storage.There is a coin-operated laundromat in walking distance that residents at this property as well as neighboring multi-family complexes use.