Probably not.But the basic dynamics don't lie.

Change the air filters, make sure sprinklers are set and watering, landscaping done, check on cracks and leaks, visually inspect roof, also checking for pets, and how many people living there. 

Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 

This is just an international diversification play, and I will tell you that the coffee market has some very interesting and compelling dynamics, vice always sells and caffeine is a legal drug.  

Key to your approach, as you seem to already understand, is that it requires elevated levels of planning and due diligence, but with this approach, it can be a profitable strategy.As you are in the process of narrowing down locations, start engaging with local experts to best understand market dynamics and compliance requirements with local laws.  

Other ways (off the top of my head):- Dedicated Revenue Manager on top of dynamic pricing software- 24/7 guest support- Vendor discounts (i.e. roof replacements, AC repairs, etc)As a new PM I think it is important to highlight where you add value instead of battling on price. 

every market is very different right now, for CA it would mean higher price but for FL/TX I am sure it leads to more drops, inventory dynamics are much more relevant than interest rate imo.

Boston Dynamics is another one, Tesla is also near product launch, Musk is talking about the cost of labor/hr and how it will decrease as these systems get better. 

I’m excited to join this dynamic and knowledgeable group!

But, naive instagram followers sometimes send hundreds of millions in cumulative investment dollars to these social media personalities, allowing them to buy their beach/mountain homes just with the acquisition fees. 3) Ability to make lopsided bets that can't result in losses for the syndicator (only their LPs): Because of the naivete of their investors and lopsided power dynamic, the syndicator can pursue strategies that give them the ability to make lopsided bets that ensure generational wealth for their family (their LP investors take all the risk).