It has been another two weeks, and I've now paid the first month mortgage on the unit, and still have no renters.I've listed in Facebook Marketplace, Craigslist, TenantCloud (including the third party sites ie: Zillow, Trulia, Apartments, etc..)My listing reads as such:Enjoy Lake Owasso, tennis or the pool with this architecturally designed remodel.

It's a complicated topic, but there are 2 major economic factors that make them a super risky proposition. 

If it hasn't been mentioned previously, one area that I often advise out-of-state investors is to be aware of the property tax rate for non-homestead, and factoring in the higher tax rate when running your numbers.

When I sat down and asked myself why I wanted passive income, I realized my driving factors included wanting time to enjoy with my family and having income I could pass down to the next generation.

The ultimate goal in determining whether the provider's account fees meet your needs should be the value provided, not just in fees you'll incur, but also including intangible factors such as highly experienced professionals and responsiveness to client needs.Funding Time Frame - I would argue that this is the most important factor, as moving quickly is the nature of the real estate investment community. 

Your contractors will be the second biggest determining factor in your success (other than buying at the right price). 

Many will say you should still factor in a mgmt fee.

Though there will be many factor that underwriting (and any good mortgage banker) will look at - when was the property bought, was it bought as primary and then switched to investment, how long as it been an investment, how far is it from the new property, it is nice then the new property that you want to buy, etc.The point been that the new purchase needs to pass the smell test.

@Etan Frankel although the government has a hard deadline of April 20th, 2018 to establish designated opportunity zones nation-wide, the investments wont happen for a short period afterwards while the IRS works on designating qualifications for the certification of an Opportunity Zone Fund.As soon as the certifications have been designated and the flood gates for applications are opened, i am sure you will begin to see many Opportunity Fund's pop up that would be eager to participate in the investment.

You need to decide what criteria works for you and your situation- in my mind, that is the most critical factor for success.