This may be due to high construction costs, geographic barriers, or political reasons (rent controls are an example).

I want the passive income, I want to live my very geographically free life, and I don't want tenants.

Hello All,I recently secured a single family house for a Short Term Rental in the Poconos and now want to diversify my portfolio with least a duplex (or bigger) to be marketed for Mid-Term Rentals.My ideal geographical regions would be the tri-state area of NY/NJ/CT. 

Hello All,I recently secured a single family house for a Short Term Rental in the Poconos and now want to diversify my portfolio with least a duplex (or bigger) to be marketed for Mid-Term Rentals.My ideal geographical regions would be the tri-state area of NY/NJ/CT.

It can be geographic risk, construction risk, and of course unknown unknowns.

Anyone guide or advice would be welcome.Also, I was looking for property managers jobs description but not many are requiring CAM, can someone explain to me why or how are they able to do it?

I personally have rentals here in Houston, the cash-on-cash return and appreciation are steady.Investing out of state requires specific attention to various factors like understanding the local market, cap rates, rents and other critical information.Do market analysis on current rents, potential rents, appreciation, etc.You need a team of local professionals like property managers, contractors, agents etc.A local Investor-Agent can help shorten your learning curve and save you a lot of headaches as they tend to understand the market better.You should select a market that will meet your investment goals.Here are four key reasons why investors purchase rental property out of state:Invest in geographic areas with population and job growth is strong.Diversify a rental property portfolio with markets that best match your investment strategy.Focus on the type of returns you’re looking for, such as maximum cash flow, high appreciation, or total yield over the targeted holding period.Operating expenses are lower in markets with fewer regulations, lower property taxes, and landlord-friendly laws.Finally, as mentioned earlier, it's crucial to build a great network of professionals to help you and to occasionally visit your property yourself.All the best!

I needed geographical freedom, I wanted time freedom, and I didn't want to babysit adults ever again in my life.Now onto your question about capital. 

There are two components, homebuyer qualifications & property location; These programs typically have geographical and/or income restrictions.

Do your research in the market before you invest. .Whether or not to invest in a specific geographic area is a key factor in the investment game.