I live in Manchester NH as well. 

I wanted to invest where I wanted to live and I am also from Elgin so am constantly headed further nw. 

But this will also lead to future inflation.The issue is going to be the rich will get richer as they can live with lower cash flow but gain appreciation.

Plus there is a lot to do here so it is hard to be bored living in NJ.

Quote from @Pravit Jarriyapurttipong: Hello,I live in Queens New York but I want to invest in Buffalo New York.Which town should be easier to manage?

I've done a lot of research on this topic as both an investor and as one who assists other investors in exploring this strategy.

Having a long-term rental while living abroad is do-able.Flipping houses while abroad, in my opinion, more difficult, especially if its your first go around with real estate.I would recommend taking a flight and staying in the area for a week and inspect the neighborhoods and make connections.You can reach out to @Elenis Camargo who has a PM company in Jacksonville.Best of luck though.

You live and learn I suppose.

My agent also mentioned resources that could be of assistance for that. 

I don't do this for a living and have no real world experience, but at 40% down, even with a 7% int rate, that seems like a high monthly payment.