For example, Silicon Valley (northern California) is bordered by water and mountains on all sides -- without completely redo'ing the highway infrastructure to accommodate long-distance commuting, there is just no room for market expansion.This means that the limited number of properties (supply) is pretty much fixed and as demand increases (there is still a lot of economic expansion in the area), the market values will increase.

Tim you have a long distance gf?

Very easy walking distance is key.

Which brings up the question of long-distance management . . .

Little things like shared fences, excessive number of ceiling mounted hvac filters, zoned hvac (single zoned system on a 2 story home vs 2 systems), all those things tend to weigh in on my decision.My ideal property would be:4BR, 2+Bath, 2 Car GarageSingle story1,700 to 2,200 sqr ftWalking distance to Exemplary elementary schoolNon-shared fenceHVAC filter mounted on air handlerHot water heater in garageI'll probably pick one up before spring.

I am guessing you want to move the property into a trust also to distance liability issues connected to a rental from your personal assets.

Not sure where you're getting your data, but doing a flip with a bankroll of $70K in Denver would be very difficult.I don't see how its possible to do a fix and flip from a distance.

At least for first couple of investment properties, I would try to stay within 45 minutes drive from your residence.You absolutely don't want to be own a long-distance investment property as your first one.

My market may not be "best" for flipping, but I don't see how I would be able to do it anywhere else seeing how much hands-on management it takes.Does anyone flip properties that are not a reasonable distance from where they live?

It's about the same distance from my job to the property locations.So, I probably spend a couple hours a month collecting rent and dealing with some small issues.