In all the big cities, investors (and normal homeowners) are competing with foreign flight capital whose objective is not to make money, but to avoid 100% expropriation by local authorities.  

Now most of my rentals are in Texas (direct flight and I'm comfortable with some distance)Quality - Quality has a certain correlation with passive a property is. 

I have a job here, and a flight to San Francisco (where I'm from) is about 10 hours.

If a flight up here is ever in the works, a family run elite fishing charter in Port Renfrew with your name on it if you're ever interested, would love to chat!

For me I jump the flight every time, and actually will be making the Midwest tour on Monday.

He paid for everything, the flight, the food, the hotel and even gave me an apple watch when I showed up. 

It's pretty easy to get blinded by the massive ROI [on paper] when looking at 100 year old homes in Class C- neighborhoods that rent for $550-$600 & that can be picked up for under $30k.After you do lots of DD in the area you are thinking about, I would suggest making the 4 hour flight and stay a few days before making a purchase.  

In a sagging local economy and more people want to rent vs own you will see flat markets.In a recession, with flight of population, expect negative appreciation.

It is out of state so you incur expenses: flight, car rental, lodging, meals, etc.

Which is, of course, why I always hop on a flight.