All my vacation rental/STR clients tend to look for a turnkey property in the mountains, but there's something alluring about building your own vision in the Colorado wilderness to get away.There's a big difference between improved and unimproved land.

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.

…but, there are a lot of tips and strategies you can employ to help ensure your house hack is a success…Below are 20 suggestions for a successful house hack.CRITICALLY IMPORTANT: The size of the house.

Here are some excellent practices to remember if you decide to employ the home hacking method again:1.

If things get complicated, then yes, employ the HVAC specialist for their expertise.  

Preferably this would not be relatives, but would be employers, church leaders, community organizations, etc. 

Hopefully you don't work for same employer or same department. 

Entry point for multis is still on the lower side compared to other markets that have easier access or proximity to strong employment markets.  

I am self employed and run a trucking company so I write off my income to pay as little tax as possible.

If the owner employs a management company, then the management company is required to obtain the business license - not the property owner.according to the tab (Profits Tax) on the same page above, I should NOT file form RD-108 either to pay KCMO city earnings tax, because I am a passive investor, and not actively involved in the management of my property.The problem is that, I did submitted my business license application a few weeks ago (still in the process) before I checked the KCMO web side.