@Mohammad ArifWhat is your risk tolerance?

It all hinges on your experience, knowledge, and risk tolerance.

Consider your financial situation and how much money you’re willing to invest upfront.3.Risk Tolerance It’s important to consider your risk tolerance when choosing a passive income stream in real estate.

Ascertain your investing budget, evaluate your level of risk tolerance, and set attainable financial objectives.Carry out in-depth market research on the fields that interest you.

In light of your circumstances, take into account the following real estate investing strategies:Fix and Flip, Buy and Hold, and BRRRR (Buy, Rehab, Rent, Refinance, Repeat)Always keep in mind that careful preparation, thorough research, and modifying your approach to suit your risk tolerance and financial objectives are the keys to successful real estate investment.

Each person's risk tolerance is different, people feel differently about cash flow and the costs of an LLC, etc. 

It ultimately depends on your individual investment goals and risk tolerance.

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.

My risk tolerance is a bit higher while I still contract overseas.

Depending on the location in NY there will be a different tolerance "strictness" when it comes to following the eviction procedure.