Right now I'm living in Baltimore, still working 9-5 W-2.

South Carolina (where I live) is a great state for many things but not rental real estate.  

I could see a requirement, perhaps under the Patriot Act, that requires all landlords to get a SSN/TIN from everyone living in a unit and report that (or lack of) to the federal government.

My name is Cesar and I am originally from Puerto Rico but have been living in Virginia for over 20 years.

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas. 

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

Now you see how expensive dining and living rooms are that could be converted. 

Cost of living increases are real.

Just google the following: - special assessment - zombie condos - Florida condos (look for recent news)Since you are not living near the properties anyways, why not look in a landlord friendly state where the purchase prices are lower?

Furthermore, it aligns with the growing trend of home improvements that enhance daily living while maximizing investment returns.