You could try to go the short-term rental route, but AirBnB is a challenging business if you are not physically hands on and more importantly, pending legislation could derail your investment (i.e.

property managers are licensed by the state .. threanting to file a complaint for trust account violations will get their attention.. this is the number 1 reason they lose their licenses.. the police will not do anything about this unless 50 people have come in on the same issues.keep in mind some of the US and UK turn key guys really promoted Rochester and Buffalo and the vast majority of these are pretty tough to manage assets from afar.. there was even some legislation trying to control the US and UK marketers that were buying 5k houses and selling them to unsuspecting GB investors for HUGE profits..

Raleigh's new short-term rentals zoning is moving through the legislative pipeline.

Legislation is the future and only aides this service niche.

I think this future legislation may not focus as much on individual relief as systemic programs.

Please note that Philadelphia is very tenant friendly and new legislation is introduced frequently for rentals.

ID=Legislative-Upda...

State securities laws change with every legislative session.

Some locales legislate this kind of thing. 

However, the state of Utah has passed legislation saying that a listing on Airbnb is not sufficient evidence that a property is an STR.