The state law on property taxes is the biggie here.

Quote from @Diandre Pierce: I have an uncle that has owned 6 trailer parks (over 100 trailers) for 16 years.

As a licensed realtor, I have some buyer clients looking to buy a house in New York state.

But some believe condos are riskier due to potential mismanagement of the community by the HOA.As an out of state buyer seeking a low risk/maintenance LTR, are there any glaring downsides to buying and renting out a condo? 

Quote from @William Fuller: Land wholesaler here looking to connect with builders and developers in Atlanta, Florida, South Carolina, North Carolina, Virginia, and possibly other states as well. 

Quote from @Kurtis Carriere: I Am currently in the finishing stages of building my own house in Ontario, Canada and looking to sell and relocate to texas (likely DFW area)i have done 90% of the work on this project by myself so im confident in my ability to do any and all repairs on the property. 

I own several in Alabama, including one in Bham.

I saw a notice on the door from the city and I tried to get some info on the owner but it looks like an investment company has owned it for several years but no one has been in there.

Or trying 5 to 10 cashflow deals in another state.  

Hey @Moshe Marciano, CA can be very difficult but you can find some areas that still allow it.More state wide regs are coming for 2024 that could affect payouts and such.