These are by far the least amount passive so do your due diligence on understanding how to run a successful STR business and researching local laws on allowing STRs.2.

Howdy,I haven't decided if we are gonna manage the property or hire a local area property manager yet.

Hopefully, this is a useful example of what’s achievable with out-of-state investing, even with no local connections. 

Allen, go out of your local area to invest.  

I have a local handyman that helped me hired junk removal company and pest control for the roaches.

As we’re beginning to get a grasp on the scale of the challenges ahead we wanted to highlight a few areas of note and concern that is already influencing the local and national real estate market.

Right now there's huge concentration, but as this continues to build out and we see north of the high 30s GW by 10 years from now it'll be almost a requirement to keep some type of locality based risk assessment and to diversify. 

Use your skills to network with local investors and professionals by attending meetups in the Conroe and Houston area, joining online forums, and connecting with property managers or realtors.

Sees a lot of off market stuff because he is a property manager as well.The toughest part about investing outside of your locality is finding boots on the ground that you can trust.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.