Maybe read David G's book on long distance real estate investing first.

Long-distance real estate9.

There is a great bigger pockets episode in the first ten episodes about a guy doing long distance investing when he lived in California.

The next challenge will be working with my property manager long distance, since we moved all the way across the country!

Again, I don't presume to understand the details/constraints of your life, so please don't take offense.

@Robert Dautov this can be tough, the tenant is supposed to grant access if given a reasonable notice (I believe 24-48 hrs) but its very tough to enforce this rule.You may want to speak to the sellers agent about your intentions with the unit and have him advise the tenants that you will wear PPE and follow social distancing etc, you may even want to promise to limit the number of people in the unit and the length of time for the inspection to put the tenants mind at ease 

In addition to living in a great town, we've got beach and mountains within driving distance for easy getaways, and are close to other growing areas where you we may invest in the future (Garner, Youngsville, etc). 

I have many questions but will start with these two:1) I’ve read the Long Distance Investing book by Robert Greene, an awesome book but still, I prefer to keep my investments local.

I am currently interested in buying rental properties in Midwest (Ohio or Indiana), and started reading books and watching Youtube videos.I am happy to connect with you if you are interested in long distance rental property investment.

With 40K and living in NYC(this is almost exactly how much I had when I started and where I lived), if you are looking to build cash flow, then I would recommend finding a location near NYC (within 2/3 hours driving distance) and do a buy and hold.