In the east coast, that isn't the case-there are a few states where it is cheaper.I'd forget about east coast vs west coast and look across the country to see where the best opportunities are that meet your criteria.

I live out of state (out of country, actually), and have never lived/rented/landlorded in the US.

Read the book the 16% Solution to get the beginning basics.Attend sales, network with people at the sales.If the countries around you give a basics class before the sale, attend those.Read your state law several times and again 1 or 2x a year as you will see something different each time you read and as you gain experience.https://leginfo.legislature.ca...See if the counties you have interest in have websites like this...https://www.solanocounty.com/d...I always say be very very careful with the national road show classes that come thru with a free 2-3 hour seminar and then 3 day training. 

We’re considering an AirBNB out there but am curious if anyone has experience investing in that country.

Our team covers all of eastern PA, and we likely have some 1st hand experience in your area, especially being 40mins south of Atown.Would be glad to talk thru some scenarios if you're looking for some input.

If you're near Detroit, you have a huge opportunity to be local to what is probably the most unique market in the country today.$50k is a tough amount though.

If you have experience investing in this area of the country and can shed some light and insight into taxes, insurance, Airbnb options (easy/hard/impossible), permits, flooding, other potential issues, etc., I'd be most grateful!

It's 2020 and all marketing is done online now -- my recommendation is find a good PM from anywhere in the country who has connections in your rental location.

Pref just means dilution to common investor and one is giving very high risk to new investor while returning little bit of money.the real solution for this is not capital call to investor , in other country the solution is debt restructuring aka let’s say loan modification to another 4 years with the same rate schedule.Capital call is sort of punishing small people by GP and lender.

However some of my best months are in the winter; we have visiting families for SU students, a ton of traveling nurses, and we are about to have the biggest chip manufacturing plant in the country.