Quote from @Derek Farmer: Hello all,I am 25 years old living in Indianapolis Indiana. 

I have a relative who owns and lives in a dome and she really loves it.

I’m new here and just starting my real estate investing journey this year.I live in NY but am looking to purchase multi-unit properties (4+ units) in a growing market outside of the state.Here are a few concerns I’m working through:As a newbie, is it a good idea to buy a property out of state?

Well, apart from “if you give me $3000.”Luckily this is a co-living model through PadSplit so I have some income coming in.

If someone is willing to live in and renovate the 2 of last 5 year capital gains exclusion is a significant consideration.

Complaints are always dicey when you live or have property in a jurisdiction they scan your license plate and have visibility into your property that may negatively impact you in the future.  

Smaller SFH = less maintenance , there are lots of single looking for a place to live .

My mom lives in a nice house that she has paid off.

It's not a bad strategy, especially if you live in a lower-priced area with a good rent-to-purchase price ratio.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.