I am based in Virginia and licensing requirements here seem manageable.

If there is a property manager, your success rate is going to be very low.   

Purchase price: $250,000 Cash invested: $14,000 I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability.

@Jason Brown - I'm a CT based investor, flipper, and property management company owner.  

:)Just kidding.1) Stock market: may want to do this while exploring other options, just make sure funds are easily accessible2) Buy Multi-unit: two basic options:- Buy turnkey: may not cashflow for 3-5 years, depending on your management skills.- Buy someone else's problem: can you fix their problems?

Here you are basically hitting it without needing to manage a property in another location.

As the owner of a property management company in Washington, I have encountered this situation before.

Great place to meet other investors, agents, property managers, and contractors.

If I have a homeowner client that wants to play games, I'll gladly help transition them to another manager.

@Melissa Sejour a good property manager will give you a lot of information that you care about.