What are the major pitfalls investing out of state?

With it, I usually do not make any contingencies except for if tere are major repairs needed that are not obvious at that time.

As a result, they require that the developer place a cash deposit of up to 10% of the project cost in an account at a major bank as a compensatory balance.

The majority of investors use the three (3) property rule.

I wonder if someone had a contract on the house and found something major wrong.

I guess my major goal is to gain capital.

Questions:Asking price 177,500 in a neighborhood where many houses go for more, but many have a pool, this does not. 4 small Bedrooms, (not a major problem) and the neighborhood is generally well kept.

Trekking through the jungle so to say is a major component that sets us apart.

Most if not all major metro cities are growing including the areas around them (within logical commuting range).

Keep in mind the majority of these ideas for a future home I've had in my head for years, so the likelihood of me NOT doing one of those things for my first house are very very slim.With all of that being said, any opinions/advice/recommendations on my ideas?