Hi Vittorio, MB is a pretty hot market for STRs especially if they are beach front or within walking distance of the beach.

Do you want a 10 minute commute or are you open to a 30 min/60 min, etc.  

Hello,My friend and I would like to get into long distance real estate investing (ideally a multifamily in the PA area).

My advice on situations like this if you are a small fish stay in your own back yard plenty of good deals .That way you can keep track of all the stuff that needs your attention fill in the blank ___.BIG fish well the whole  USA can be played they have the team in place to do a long distance rent ,rehab etc...

Now one goes 20 miles outside Dallas, still within communte distance, be it a longer commute but viable still.

Partnering with groups with skill can often times lead to better results than one can achieve on their own when investing from a distance.

And as for the house --it's in Quincy--south of Boston --walking distance to public transportation --right in Quincy Center--there is a major development under way.Current Rents $39.3K a year (probably a bit low still)Taxes/Insurance $11K a yearWater Sewer $1200 a yearI've never had a vacancy in 10+ years but accounting for 5% vacancy this gets to NOI of $25.1K per YearAsking Price:  $630K.  

I wouldnt mind if i could stay close to home, but I also have no problems going out a distance.

CSUSB is a commuter school.

I know that does nothing for you being a distance landlord, but it helps you put the money to work.