If they stopped to decide what was important, turned off the technology for a bit and stopped trying to keep up with what others (social media is a huge problem); they would have lots of time. 

To be successful, research the market, undertake neighborhood analysis, form a local team, connect with investors, budget, acquire finance, use technology, manage risk, start small, and take a hands-off attitude.Good luck!

Keyrenter North Jersey opened this year, leveraging the proven processes, systems, technology, and infrastructure of the large organization, combined with the focus, support, customer service and local expertise of a small business.

How Technology Changed My Real Estate Business in the Last 25 Years25 years ago I decided to “formalize” by hard money / private money investments and start an investment fund and syndicate these note opportunities.

Have a read A good friend shared this story recently; a nice story about effort vs. skill – a good reminder that in many areas of work/life time and outcome aren’t always aligned; especially in thedesign & technology space…A giant ship’s engine failed.

By leveraging local expertise and technology, you can successfully manage and grow your out-of-state portfolio.Good luck!

The only criticism I've heard is that he does not take walk-ins.With advent of technology, locality is optional. 

Solid post and would agree with everything - but the last one - "Local or National Expert" - I do think there is still value here but I would say this is the one area that is being I'd argue reduced in importance via technology and ability to reach people digitally and remotely - but like you said, its really more important for people trying to scale - where if its your first or second, local probably makes a lot of sense

Effective remote management hinges on strong organization, reliable local contacts, and leveraging technology for efficient communication and oversight. 

Technology has allowed you to move beyond giving a bank account and trying to figure out who actually made the deposit.