Quote from @Guadalupe Batana: Great to have you here Kolby, do you have experience with out-of-state investing already or mostly stay local? 

I suppose he'll either learn to stay out of trouble or implode.  

Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.

I would consider staying with your parents and investing in another market that stretches your dollar and covers the cost of a professional property manager.

Only a few can persist in the long term and adapt to this uncontrollable situation.

I have stayed at Airbnb's in Rome and Naples, and there are Airbnbs of course, but you really need to speak and learn the system.

Alwasy stay on top of your properties and investements.

The guest stayed in the summer. 

If staying in the deal isn’t ideal for you, an equity buyout by your partner or another investor could be the simplest path.

Unfortunately, for the time being, I do need to stay in New York.