It’s not just about making the space look great—it’s about making it functional and thoughtful for how your guests will actually use it.For example, one of my properties is located near a nature park where my guests often go hiking, biking, canoeing, and sailing.

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

As others said out of state can be more challenging based on location but local or out of state both can be done. 

I am not familiar with the rules for that location; Philadelphia and Pittsburgh get some special rules in PA.

Do you remember the name and location of the senior complex you toured?

Is it fairly priced for the size, location, quality, and other factors?

It is located in an area that attracts college students/employees, working class families, and military families.

So buying the right location will become increasingly important here to protect you in the long-termFood for thought.

@Jemini LeckieRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Make sure you know the rules in the state where the property is located.