You are using more leverage/potentially more risk, but you are also personally able to have more control over the investment. 2) Location: I am an advocate of long distance investing, and I'm very fortunate to live in a state where the numbers work well for rentals and I get to work with long distance investors, but the most important thing you can do when looking for an investment out of state is build what David Greene calls your "Core 4".

There are different constraints for cash out or refi after 3 months but before 6 months and then after 6 months. 

The rental option would be my first consideration, but being long distance and not have a reliable contractor in the area will make things difficult. 

You make a lot of your money in this business and establish the constraints or flexibility you have when you buy (the price you pay, the terms you establish, etc.) and those decisions and constraints or freedoms can have a huge impact on your wallet and the quality of your business life.  

There are bike paths everywhere and a lake walking distance to the house.

I am expanding in the NC area, doing distance owning, and looking for properties in central NC in all counties EXCEPT Mecklenberg.

If homes in your neighborhood have appreciated faster than rent has gone up, you might think about long distance investing. 

But the location is very desirable, a quiet street with many nice homes all as old walking distance to the town center, which brings in a lot of tourists. 

@Joseph Vu is there a market outside the Bay Area but driving distance where the price point is more accessible but you can self manage?

Hi Everyone,Need your help, I was thinking of doing a long distance investing but don't have a any experience doing any real estate investing but read books about real estate and now exited because of Sir.