@LaRhonda M As a full disclosure before I answer this question, I am a syndicator.Investing passively through syndication deals is a great strategy if you're looking to invest passively (some people are and some people aren't), assuming that you're investing with a good operator. 

I am sorry for not been more precise.... i am looking into a house of $295,000 as a primary residence as after some evaluation i saw i will be better off buying it then keep paying rent were i currently live now.So this is how it would look likePrice sale: $295,000Down payment anyway between $20,000 and $30,000 30 years fixed at 4.36%Mortgage payment between $1,753 and $1,703 Closing costs around $7,000 (average for FL i think)Appraisal around $450 (again, i think the average)Now, the rent amount i pay at the moment is $1,800 p/mAs i am not that long in the US i didn't had the time to save a lot more then the total of the amount described above.

One of my mom's favorite sayings - "Lo barato cuesta mas". 

After you have segregated your accounts it may not be that bad keeping them maintained, especially if your use a good software program (like MAS 90).

Great job Brent M., As a local Bay Area, Ca.

@Sharad M. , as requested, check out the numbers above, and I'll be posting more pics.

i'd get him a nice x-mas present if i were you lol 

The STR market is at an inflection point where many cities/counties/HOAs are learning what ordinances need to be in place, so please do not take this risk lightly.a condo association can simply say “no maś” and you are effectively screwed. 

@Courtney M. as many have already said, out of state investing is very common, especially for people in pricey states like CA, NY, and HI.

@Manas M. As