In addition the 3 miles is good if you're dealing with consistent density (think pure rural or pure urban) but in many areas, 3 miles may be 5 minute drive, so if its located along a highway, you can extend distance to a 15 minute drive time.

I would like to find out from experienced investors that started their real estate career with long distance investments.

Purchase price: $285,000 Cash invested: $65,000 2/1 fixer upper condo in a lower middle class neighborhood within walking distance to a highly regarding private school, hospital, and the largest university in the state.

Check out David Greens Long Distance Investing book.

Now I rent them long distance.

The property has 3 floors with in unit washer/dryer, ample storage, intercom, central A/C and 2 deeded parking spots and is also within a 5 minute walk to the Roslindale Commuter Rail station.

My plan is to combine the Long Distance investing strategy with other strategies.Thanks in advance for your time.Here is my plan.I want to start with virtual wholesaling because it will set up my deal finding machine and educate me on markets Then I will build cash from wholesale to BRRRR.

Take the flip profits now, or BRRRR with a great interest rate and some cash flow... doesn't keep me up at night bc both options are great, however I want to maximize my time and profits.For any multi-units I am heavy in the BRRRR category, but I have a couple San Diego condo deals I am in contract on now and curious the thoughts from BP on which route is better... and I typically don't like holding condos long term due to the HOA and the low ceiling on cash flow, but another perspective I have heard is how easy they are as a rental.I got in to this for long term wealth #1 and short term profits #2... just an FYI.Condo #1:*This deal is under contract and ready to close in a few weeks using HM at 85% of PP and 100% of Rehab with 9/2.PP: $155,000Rehab: $30,000 - $32,000ARV: $260,000 with upside as nothing has sold in building in 2 yearsHOA: $300 a moRental: $1750-$1800PITI w/ HOA from Refi ~ $1,500Minimal VacancyBRRRR Pros: In a predominantly rental area, can 100% BRRRR and hold for $250-$300 a mo cash flow.Flip Pros: I'm licensed so it'll only cost me about 4% cost of sale Condo #2: *This deal is in negotiations with bank for Short Sale using HM at 85% of PP and 100% of Rehab with 9/2.PP: $150,000 - $200,000 (Discrepancy because we are negotiating... starting at 150k, closer to 200k will lean me towards flip vs BRRRR)Rehab: $28,000 - $30,000ARV: $295,000 HOA: $388 a moRental: $1800PITI w/ HOA from Refi ~ $1,600 or less, depending on purchase price/refi priceMinimal Vacancy, Brand new hospital being build walking distance, less cash flow but better area than Condo #1BRRRR Pros: In a predominantly rental area, can 100% BRRRR and hold for $200-$300 a mo cash flow.Flip Pros: I'm licensed so it'll only cost me about 4% cost of sale---TL;DR - Are condos good for BRRRR or better to flip and keep my rentals as multis or high cash flow SFR's

My commute went from walking distance to a one hour drive.I moved out a year later (to my manufactured home) and I have had the same renters ever since.

As the commute to Charlotte is relatively short, the school system is thriving and a wide variety of parks and businesses exist, I think it has dynamic potential.