I would concern myself with comps and let that influence your decisions.

Below are my two cents.Unlike the stock market, which is more influenced by market sentiment in the short term, real estate is driven by local supply and demand.

And, a trustee holds a position that could influence decisions pertaining to the Trust.

Well...you'll be in for a lot of legal work coming your way...Lawsuits can be hugely influenced by the way you react when something happens.

Also, being out of state, the investor has to be more intentional about staying abreast on local happenings that may influence the investment.

The agreements made take other things into consideration, it's not just about some deal, the terms agreed to are influenced by taxation matters or the partners, their estate planning requirements, if they are married and the ability of their spouse to take their place, if one can obtain insurance, their credit and ability to borrow if needed in the future, not just borrowing on that initial deal.

They see the beauty of REI as the ability to influence their return on investment directly through active management, much like Warren Buffet only invests in companies in large enough volume to get a say in how they are run.

Even the ever-outspoken and anti-debt Dave Ramsey doesn't advice that.

One more to add is don't forget your sphere of influence...work, school, church, friends, etc. are all people you can turn to when seeking to rent a room.

@Joshua Dorkin - yes the "Edit" item is now there and it seems I can get in and edit the post or delete it in full.What does "Skip influence changes?"