The day to day is easy.... it is the asynchronous events that your random buddy isn't equipped to handle that end up making it hard to manage from out of state. 

Quote from @Kim Huynh: Just was checking on the CT state lease on BP and saw that it hasn't been updated since 2019 version. 

I've been slowly studying real estate investing over the past 2 years and am gearing up to make my first out-of-state real estate purchase.

With this budget and my goals, I ruled out CA and looking out of state.

•Building a strong team is key, especially for out-of-state investors.

Cost of Living and Affordability: Texas has been known for its affordability—how does it compare to other emerging states like Tennessee, Florida, or North Carolina?

Based on what I am seeing on the Department of State website, in order to do this I'll need to be a licensed broker.

My partner and I are looking to get our first out of state property in Oklahoma City.

Subsequently I ended up buying property in 8 states, and a couple weeks ago bought 5 properties in 5 days in 3 states.

That's exactly the strat for now, some more Airbnb's and a House Hack for the first half of the year but a House Hack DP in NJ is still 5x more than a DP on a SFH out of state in some markets.