I'm asking because I hear all the time that trying to invest in NYC, the game is different and they always speak about investing out of state, a couple of hour drive away.

depending on your marital status you can get 250k for single and 500k for married .. its the I have done it 5 times in the last 25 years.. its a game changer let me tell you 

After you've been at this for a while, you develop a deep disdain for people who need to spend premiums for bigger and better houses for their personal living situation before they have build an unassailable financial position -- those people are marks in the real estate game, not players.Real estate can be a hell of a passive wealth maintenance strategy.

I practice long distance investing and have learned that the easiest way to open a credit union account in a state that you do not reside in is by opening an LLC or Corp in that state and then opening the account under that company.

First post here, and noob in the game of real estate investing. 

I have been trying to consume as many podcasts/articles/forums and books as possible to educate myself and get prepared before I jump in. I

My wife and I took his class back in 2011 and it was a game changer.

Upon moving them in I told them any damage to the property is on them and they are responsible for all repairs of the new appliances.

As I am not in charge of the finances right now, I was completely unaware that payments from vrbo and airbnb were held for 24 hrs after check in.  I

@Juan Jackson So for my tsp roth which I have 66k in I have made 11k from it so 55k principle.