Quote from @Michael Smythe: @Joe S. how is this different than any other business?

There aren't many co-ops in Southern California, mostly in LA or a senior community in Orange County, but there's not much of a discount between condos and co-ops - at most, 10%.What is your source of the 10% difference data?  

Quote from @Tom Server: I beg to differ @Nathan Gesner, about the financially disciplined.

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

There is no one size fits all answer for this question, market to market, and property to property are all different. 

Is a different town from where i have the other properties.

Hi @Esther IrokoPlease kindly ignore all the specific advice from Americans as the landlord-tenant laws are so different in Canada.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

The biggest question you need to ask yourself is if you are doing this to afford a property you otherwise couldn’t afford or to save money period, that will lead to very different conclusions about where/if to buy. 

 I have been researching and browsing through bigger pockets and different real estate investment info but haven’t pulled the trigger on anything.