My wife and I have done all the terms (short, mid, long term rentals) and have done some live in flips.

There are people that do flipping in other states while they live in another state from the projects and they are successful, but they have built a team while doing it. 

On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

It's near where I live though.

And it has been gaining recognition as a vibrant, desirable place to live, especially for younger professionals and first-time buyers. 

While I currently live outside Portland, OR, I plan to begin investing in Tennessee.

@Kerry Noble Jr  I used to live in Indianapolis before moving to Georgia. 

lat=43.1688001618486&lon=-77.6159378282709 I’d also suggest considering whether you live or work nearby, so you can stay informed about any developments. 

Own living quarters.  

Since STR “lives” on reviews, being “right” because of the contract the guests signed might be the most expensive “right” you’ve ever experienced.So what’s left for the “wanna be” STR investor in today’s market?