Have enough that after you buy the property you still have 6 months of expenses in reserves that you can use for daily living.

Quote from @Pravit Jarriyapurttipong: Hello,I live in Queens New York but I want to invest in Buffalo New York.Which town should be easier to manage?

It's actually harder if you are currently living in the property, want to cash out, and then have it as a rental as you haven't proven to the bank that the property will cash flow $600 a month on top of the NEW mortgage costs. 1.

I used to live in the lower mainland but invested where the numbers work like Vancouver Island or Northern BC.

Here’s why:Putting aside the actual physical danger of living in a fire prone area.

With that being said, do yourself a favor and do the research yourself on zoning, valuation and ACTUAL rent before talking to STR specialists who make a living on selling these =) Just my 2 cents...

I live in Manchester NH as well. 

It's not a bad strategy, especially if you live in a lower-priced area with a good rent-to-purchase price ratio.

We lived in a little apartment above the garage and rented out the main portion of the house. 

I retired in my mid-50s and live a comfortable life, grateful every day for the path I chose.Looking back, I’m forever thankful to my partner who encouraged me to take that leap of faith and move to Ohio.