Whether you experience great peace of mind or constant anxiety will depend on getting your finances under control.Creating success is a tug of war between your mind and your heart-your fears and your dreams.

The tenant and I made arrangements to meet on the fourth day and do a final walk through as she desired to move out peacefully.

Peace!

The peace of mind knowing you can handle vacancy, big repairs, and down markets is huge.

But in terms of peace of mind as a busy out of state person, I lean more toward the move-in ready investments.  

You can easily buy a property without ever seeing it and turn it over to a management company and never deal with anything but your monthly checks, but I do think at least for your own peace of mind it's a good idea to fly out and see it, say before you put your offer in.

I despise many insurance companies as they look for every loophole to not pay out a claim, but these policies provide younthe peace of mind in the event of a major incident.

And it gives my buyers peace of mind that once we have a contract in place, their house is sold.

I rent the other side to a tenant a little under market value for the peace of mind that he does not disturb me and takes care of my property.

That would add a lot of stress for me being out of state and I think it would add peace of mind to have a higher quality tenant, especially on your first one.So as you're evaluating your first oos investment keep in mind what you can do to minimize risk--3/4 bedrooms are ideal (a tenant might upgrade from 2 to 3 bedrooms but very unlikely to go from 3 to 2 bedrooms.