@Ethan, try David Greene's 'long distance real estate investing' book to read everything that there is on the topic and make the decision which feels best to you.

@Dean LetfusThis is an interesting topic.

https://www.biggerpockets.com/forums/521/topics/61...Get educated. 

I admit to being ignorant on the topic.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingWishing you the best!

Looks like nothing comes into play until next year but the articles I've read are not clear on when the new rules will be implemented. 

If you haven't alread check out this article https://www.biggerpockets.com/renewsblog/2013/08/2...

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/Wishing you the best!

https://www.biggerpockets.com/forums/521/topics/616958-cleveland-real-estate-investing-from-ca-q-and-a-w-our-contractor

Even within the topic of 'investing in the stock market' you will find a range of sub-segments, like day-trading, swing-trading, or low-involvement long-term investing.