Population is growing as fast as anywhere in the country, jobs are moving to the area, and demand is crazy high, especially for rentals.

I wanted to hear some stories of challenges people have faced who have already invested out of state or out of the country before so I can know what to avoid, what to look out for, and where to focus my energy.I am investing in mainly single-family homes and small multifamily (2plex-6plex) homes with long term tenants.Cheers!

Google: "Pareto principle"In short, you have a lot of education and perspiration ahead of you IF you want to go down this path.

Truth is that there is opportunity in EVERY market (even North Country) so long as you know how to recognize, expose, and capitalize on it.

It doesn't help that we live across the country and couldn't assess a lot of these problems ourselves...but that wouldn't change anything, we can cash flow elsewhere without the constant attention to maintenance! 

@Immanuel SiberoYou’re on the correct path.

If you live in an area that is good for flipping, but not so great for long-term rentals (aka Illinois with some of the highest real estate tax rates in the country), I could see this as a way to keep flipping but avoid the steep tax rates that come with the straight flip.

Here is a great article on job growth and the different path vegas is taking for the future. https://www.google.com/amp/www.fool.com/amp/invest...

I'd appreciate advice from anyone who has already taken that path (or a path similar to it): is there anything I should be looking out for?

Whatever path is your choice, some mathematically more sense and other more life sense.