Keep in mind travel time, repairs, and lifestyle to manage the out of state rental.

However, financial freedom isn’t a one-time event; it’s about sustaining your desired lifestyle for the rest of your life.Once you have your goals, the next decision is where to invest.Investment Market/CityThe investment city determines all long-term income characteristics, including whether rents rise fast enough to outpace inflation and how long your income will last.Understanding inflation: It takes more dollars to buy the same goods every time you go to the store.

I just look at it as a lifestyle..

It also depends on your goals and how safe/aggressive you want to be, how much you want it to earn, and what meshes best with your lifestyle. 

I wouldn't say that people in general like one type over another, but rather people in general cohorts (single, married - no kids, married - with kids, etc.) tend to gravitate towards certain types of properties based on their lifestyles.

@Denise LangInvesting out of state can seem a lot better and it all depends on what market you chose, how trustworthy your team is, and how that investment strategy fits with your lifestyle and goals.

Once you have enough properties to support your life style, what is the point of acquiring more?

Quote from @Jose Jauregui: Hi I was approached by a gentleman telling me about Lifestyle Unlimited...

Quote from @Bruce Woodruff: Quote from @Stephen Birnbaum: Sure, California has problems but it also has amazing weather allowing for a healthier lifestyle.

Its just kind of the nature of the beast and investing were over 50% of all homes are rentals its a different lifestyle than what we are used to at least on the west coast were maybe 10% of SFR's are rentals  renters rent apartments.