Thanks for all of the input,  and as stated I was not going to indulge the request and I certainly wasn't entertaining a tenancy with this person (Paretto principle), I was just wondering if you've had a similar request and if so, how you responded.

When it comes to Habitational Real Estate, ie: apartments, condos, multifamily dwellings, short-term rentals, Student housing, affordable housing... and on and on. 

Depending on what your needs are you should still see something affordable in that area.Another thing you might want to look into is house hacking in that area. 

With the market hot and prices still affordable, BRRR is pretty easy here

Having family involved sounds great but project managing can be daunting and I would pay a 3rd party person to ensure things are truly done correctly if you are trying to find affordable contractors. 

NV is much more affordable and with soaring growth in the Reno/Carson areas, you’ll find great opportunity for both equity and cash flow! 

I spoke to some lawyers and it's not something they want to pursue or if they do, I can't really afford them.

At the time I was looking for the Best property I could afford.

Also, if prices are pushed downward by a rise in rates, affordability is not affected too much in the long run.Supply might also go up, but when every house that's listed is getting 10 offers, you could triple supply and still not satisfy all the demand, and I don't see that happening any time soon.All of which is to say, I wouldn't wait around for a crash any time soon, and if there is one, you may have other problems to worry about. 

I just started reading David Greene's book Long Distance Real Estate Investing, I'm about halfway through but it definitely takes some of the fear away from investing out of state.I haven't gotten my first property yet but I have been looking in the Memphis area as the housing prices are more affordable and the rent to price ratios are good.