I created a saved search on ZIllow that lists only rentals within a certain distance of my market.

I'd like to know your plans for long-distance flips, that you could do from anywhere.

My opinion is in both cases I would recommend them start in their home market or a market that they know like their home market and educate themselves on options. owner occupancy provides opportunities that are unavailable by long distance RE investing.In my high cost market, a new investor can use a NACA loan or 95% LTV conventional financing on up to a 4 unit owner occupied property.  

Any home with a decent commute to a decent market is not affordable. 

The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance​.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities​.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms​​.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250​​.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types​​.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments​​.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K​​.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%)​​.Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.

Start by reading "Long-Distance Real Estate Investing" by David Greene.

Typically houses/properties that have well water and a septic system have them in opposing yards, and code typically demands a certain distance between them. 

With technology, it's possible to manage from a distance yourself, but it would still be more difficult.Getting a good property management company is worth the cost (especially when you're out of state), but if you choose the wrong one, it'll cost you more than their fee, in which case, you might as well have managed it yourself. 

Hence, getting more distance and protection in addition to your insurance.

it's certainly possible to do them at a distance - just much, much tougher.