I'm some 2,000 miles away from my rentals.My belief is once you have to get in a plane to visit them it doesn't really matter how far away you are.

If you have a 650k investment, a couple of days and a plane ticket is a good investment.

Therefore, you might also want to factor in the cost of a plane ticket or two.This is a problem and one which took me a couple of failures to get right.

I got done dirty I was talking to the listing agent because I was planing on having her act as my dual agent instead she gave me off to her best friend and had her friend give me a copy of the previous inspection report but she took out a section and lied and told me that it had the previous person name on it so she had to take that off.

It's tempting to just hop on a plane & have 10+% cap properties biting you on the butt in other states.I am working on a few Seller Carry properties in LA & Ventura County that will cash flow nicely with terms that make sense.

I did a house in Decatur once,  Investor put me on a plane, and said " Dave do your magic"Loved the people,  Good luck man!

Unless you can hop on a plane and then walk the area you want to buy at 2 in the morning, I would not do it.

I have narrowed it down based on a variety of factors though and they are outside my local area by a plane ride distance. 

I am planing to move with my family.

If they are all giving your about the same cost and evaluation once corrected the problem it should be fine. 2- how long ago was this property build, if it has been build a long time ago, chances are that all the foundation settling has already happened, one again after correcting the grading and drainage it should be fine. 3- How long are you planing to keep the property.