Then you could use the 3-5% down on a house and use the leftover for reno.If you're interested in doing a flip, I'd look on the outer edges of Charlotte or towns surrounding that are within driving distance.

I'm a long distance investor.

Secondly, technically, to qualify for a second home loan, it must be located a specific distance from your primary residence or in a vacation or resort area such as near the ocean or by mountains.

It needs to be some distance from the primary residence.

@Ryan Cleary I tend to agree with your thoughts - the ease of management/no maintenance was why I was looking into the 3bed+ luxury condo market.I would prefer to get a STR in an area that we like to vacation a few times a year, using the revenue to subsidize the cost of ownership (which is why appreciation potential is more important to me than monthly cash flow).Finding a newer luxury home that is walking distance to a nice beach in my price range has been challenging.

Is there a "sweet spot" distance from a highly, mainly urban area?

(Shorter distance for me)Not sure about knoxville TN, have not been there.I also noticed people shifted to smaller cities to invest.

The property is a 3/2, in a great family friendly area and very close to a commuter college.

I'm not in PA but if you're investing out of state, you should definitely check out David Greene's book on the topic: https://www.amazon.com/Long-Distance-Real-Estate-Investing-S...

Do you find with Bryson that you want to be in town and walking distance, or do renters prefer the rural experience?