It is a niche community where the HOAs have regulations like, each house must have a hanger on their property for a plane.

Unless you need to get on a plane or drive for several hours, you are in your area, plus you grew up there and have a good understanding of the market, the only time it might be a pain would be when trying to rent out the unit (s) as you might make several trips out there for showings.

Most flight schools where you learn on a plane run around $10-$25k.

If you have money saved up in these accounts and want to use it to take a trip to Cancun, that's fine but don't buy the plane tickets from these accounts.

I am planing to put management company to manage my house, but it feels like they can charge any amount of money and i am in their hands.

I'll probably end up doing more work in the bath than originally planed.

Dwayne we aren't talking about flying a plane, investing in real estate is much simpler.

You would need to hold the property for some period, probably a year plus.If you're planing to just turn around and sell this quickly, its either short term capital gains or ordinary income.

It's not about big houses, boats, planes, and cars, jewelry, fur coats, and trips around the world-- though I've had and done my share of all that-- it's about going to sleep at night knowing that if I don't wake up, my family has fond memories of me, that I was there for them while I could be, and that the last thing they have to worry about amid the trauma of losing a husband and father is money.

If a property cash-flows $100/month and you have to travel a few times a year by plane to visit and ensure everything is going well, then you've eaten up your profits.This MUST be factored in EVERY long distance investment property buying decision.