Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

Both options have pros and cons, and the right choice depends on your lifestyle, experience, and long-term goals.

In my experience, there are a range of starting-off experiences, but one's experience is not always indicative of someone's desire/drive/commitment to pursue and thrive in real estate. 

I personally do not have experience managing rentals.

Is the property just a regular-style house or something you can build an experience around?  

Traditional bank loans can be slow and have strict requirements, while hard money and private lending seem to offer more flexibility.For those who’ve secured funding before, what’s been your experience?

Anyone have experience with a short term management company called BNB Monthly

When you finance through national lenders, in your experience, is a balloon a common requirement for commercial loans of this nature or is it possible to get a fixed rate for 30 years?  

I took the Airbnb bookings and now I'm around 80/20 Airbnb/VRBO.Based on a recent bad experience that I had with Airbnb (it's a separate thread out here), I called VRBO and asked them how I can get more booking requests from VRBO. 

Quote from @Phil Petite: Quote from @Scott Gresham: Hey Phil,I live here in Memphis and can say from experience that Tennessee makes it easy to setup an Llc.