Out of state investing has some challenges that you don't have in your local market but they can be overcome.

There will definitely be challenges due to the distance between us but nothing we couldn't overcome.

Hope to hear your story to see how you were able to overcome this situation -  I am sure you will.

That being said, you can overcome some of the challenges of distance with technology, such as if you receive video (or photos) along with maintenance requests from your out-of-state tenants, allowing you to keep some visual on your property from a distance.If you are comfortable with distance, there is a price-to-rent ratio that may come in handy for you and end some of the analysis paralysis.

If you are looking to overcome their objection then you have to do it with the value of the property as it sits in the current market.

For anyone new to the industry what are some of the challenges you find yourself faced with and how are you over coming them ? 

@Mathew Wray Combining two separate lots for development purposes does create plottage value, however, it may not be enough to overcome the fact that the tear down is going on the market and will likely be sold for a high dollar amount, and you have a nice house worth half a million dollars that would need to be torn down. 

What were some difficulties you had on the way to success and how did you overcome them?

If you ask enough questions you will begin to understand the gaps and determine if you can overcome them with monitoring.And your PM would set your criteria rather than you, unless it is pet policy, most likely. 

Very happy to see that mental models are being overcome and creative solutions to barriers to entry are becoming systematized to help those who are a little weary have the same opportunities to be involved in the real estate world.