The couple had previously come down from Charlotte to view two other houses I had for rent but they were gone with the $99 "special" before she could get the formal paperwork to confirm her salary in her job transfer.   

If a tenant says I don't want someone in here without being home I ask how flexible is their schedule?  

Good Day,I inherented commercial real estate in Brooklyn NY that is in desperate need of renovation in order to generate a monthly income of $30k...

Ups and down are inevitable, yet successful people are able see through, go around, dig under or catapult over all obstacles.

You really have to do you due diligence and read what challenges and obstacles other investors have faced investing out of state.

I do want to add, though, that these inherent additional (opportunity) cost could still make sense to incur/accept.

I've been checking in here the last six months trying to get more and more ideas.

@Leon Chappell@Jessica Zolotorofe Makes some really good points in her post about out of state investing.  

Its a 4/2 and 3/2 duplex asking price $349,900. just reduced 20k, 60 days in the marketIts a B or B+ area, schools are pretty good (considering schools in South FL), rents are way undervalued (a 4/2 can be easy rented for $2200 and a 3/2 around $1800), right now they're $1450 and $1350 mo to mo.We thought that we can be hacking it but we have to lock one side's rent with a one year lease so we can qualify with the income, so according to our calculations we'd have to come up with around $1600/mo to cover operating costs for that first year before we can raise it to $2200.Additional data: My wife is a realtor so we'll try to factor in her commision on the purchase.To us, the property is underpriced based on past sales comps (estimated price $420k).We'll offer $340k and based on pictures (we have an appointment this saturday to go see it), it doesn't need much updating, probably $10k.Anyways, I know is long and I don't mean to put you to work but any advice will be very very appreciated.Thanks again.Marcelo and Giselle.

My wife has our current residence in her name.