Also forces you to do management at a distance and have systems in place to make it work which can really help as you progress!

I recently purchased a short term rental and ran into a similar regulation that required the owner or an agent to live within a certain distance from the property.

Rent as an MTR (location has 4 major hospitals in 15 min driving distance and strong MTR demand)5.

Yes I wish I can manage the property myself but due to the distance, I have to hire a PM firm locally. 

That is the problem with investing long distance . . . how do you respond to issues before they result in more damage to the property, how do you deal with tenant payment issues, etc. 

Is it cash-flow, appreciation, price point, distance from you, etc..When you start listing things on order of priority then things start to fall in place.

What is the distance from the house to the creek?

I primarily got started with STRs and happy to share any thoughts as this can be done from a distance and once systems are in place, the work is not overwhelming.Feel free to reach out if you want more insight on how we jumped into it!

I pay  $35.00 to a third party to do a back ground check ,I let them decide based on numbers ,and all information  that effects the health of the renter approved or not approved .it's a good way to keep distance from the application .

If you haven't already, read "The House Hacking Strategy" by Craig Curelop and "Long-Distance Real Estate Investing" by David Greene.