As for me, I moved to MD with my family Bc my dad recieved a job with the government.

I got started wholesaling while I built up my education and credibility, then I moved onto flipping.

It gave me more credibility as an REI regardless of your exit strategy.

They even have a family  law structure that supersedes the government laws here.

After wasting time, the government came back and offered much lower rent and then we declined.

You can lose money whether you invest in your back yard or out of state.I lost everything investing in my backyard.https://www.biggerpockets.com/forums/55/topics/690349-from-bankruptcy-to-1-000-units-part-1-thru-the-dark-tunnelBut I did not blame the Cincinnati city government or the county or the market or the "no money down gurus" or whatever.I learned the lessons and acquired over 1,000 apartment units and I now invest in the midwest and the coasts.And by the way, making $1M profit on one building in 6 years - which is my first $1M profit on a building (I've since done that multiple times) is not outlandish at all.

The Lake Geneva City Government is tough to deal with.

You need to get a job, save money and when you have 2K to spend.. try again (sorry).3) Make your website credible ASAP.

I HAVE shown I am credible.

Buy in more recession proof corridors of the United States less dependent on one or two major industries, or with a large government base, or with a retirement or tourist community.Disadvantages of Buying Out-of-State-Multiple tax filings, deadlines and other local taxes due.