I need to be close to my campus too, I can potentially get a car and drive to campus as I only have 2 classes per week, obviously wouldn’t want the commute to be more than 1 hour.I study Computer Science as a grad student and expect a high paying job once I graduate (entry level is $100K) which would be my income, but currently I am supported by my dad.My ideal goal is to generate cash flow, even if it is $10 in the beginning.

In the US, people wholesale from long distance, but that doesn't mean it will work in Isreal.The biggest obstacles are laws regarding assingment contracts and taxes. 

After the standard cap ex, reparis, prop mgmt, vacancy etc.) in a A,B,C neighborhood (over 50% non-rentals)- Advice for buying out of state and best practices - Read the book by David Green - LOng distance real estate investing- Best advice for pulling the trigger on that first investment!

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?