Given your residency restrictions and budget, focus on smaller multifamily properties in counties like Orange, Putnam, or parts of Rockland, where prices are more manageable.

Plus, Tennessee is a landlord-friendly state, which makes it easier to manage properties compared to more restrictive areas.There’s also a growing community of out-of-state investors looking at Memphis because it offers a great balance of affordability and return on investment.

Now he tells me that paypal is restricting the amount and frequency of his withdrawals and wants me to wire him my monthly payment.   

As you know, we generally don't have such restrictions in Canada so I personally tend to look first at the environmental issues my own backyard before.

I was thinking of doing Airbnb arbitrage in Cincinnati but discovered that there is a restriction that the STR operator has to live within 50 miles of the property.

@Rosa-Maria VictoriaDon’t foreigners have to use a bank trust in a restricted zone?

Since then, he realized that there may be higher risk in such deals due to tenants' unemployment, inability to pay rent, and eviction restrictions.

Note that there are restrictions that apply to STRs in Ojai and the Ojai Valley.  

Hey @Renee CossGreat that you caught the STR restriction before starting construction! 

Same goes with restrictions on equipment.