If you're constantly uncomfortable, or anxious about a property that you don't have much direct control over, it may not be worth investing out of state, regardless of the potential returns.

i think your question should be.....best way to "Control" a property......there will be a lot of bankruptcies etc....people looking to get out of their house immediately......which equates to perfect time for subject to....lease option etc......all kinds of creative ways to purchase or control a property

Look at the economy now and even if it gets better there are a lot of unemployed people and companies that hit the toilet.Run your own business whether it’s real estate investing or a start up..Control your own destiny 

The reason I am anti condo for rentals is the control given to HOA.  

We (me and you) won't control that cycle, we just need to watch for the trends to find the deals.Yes, people will lose their homes over this, whether they unfortunately become a covid statistic, their spouse becomes a covid statistic, someone loses their job, et al.

(This is not a Section 8 unit, the whole building is controlled by HUD).

If you can't keep control your finances, you are highly unlikely to succeed in real estate investing.

Upper-end properties are harder to get in to and usually require the landlord to rent them by the room which increases the amount of foot traffic in your property increasing wear and tear. 

I cannot reform the whole industry, but I can absolutely control what happens within our doors.The Myth in the Math:INCOME (estimated):Average rent in our market is $1,200 a month218 doors X $120 per door = $26,160 X 12 = $313,920Most of our residents stay 3 or more years.

Since I know real estate, and its tax advantages, I know I can keep 100% control over my money and still get similar tax benefits by investing my way in real estate.