If they are professional, they can explain this quickly and easily.

These are the "locations" that can make good money, but they can just as easily take your money and make your life miserable.I recommend starting in a state with fair laws, that protects property rights, and has a reliable judicial system.

Many of the big operators have track records with other capital raisers and you can easily find out if what their experiences were like.There are of course many successful operators who are never found because they have no marketing.

I do BRRRR (locally, agree that trying to do it remotely as a small or newbie investor could easily become a fiasco) and there are always problems that pop up in the first few months of the new tenant moving in, similar to buying a new house.  

Some live for 10+ years in an SRO even though they could easily afford a 1-bedroom apartment, because it frees up a lot of monthly cash for other life choices (expensive sports, etc).

Like others have said, solid vacation markets people can easily get to in a pinch. 

Even though I believe this will be pass-through income, it seems like it’s a better choice for accounting and keeping income/expenses more easily separated.6.

Newly relocated to the Bay Area, Florida still seemed like a great market that was easily accessible and have enough upside to counter any speedbumps along the way. 

It's difficult to estimate capex costs generically in LA, but it's easily another $100/month.Thirdly, maintenance.

If they are professional, they can explain this quickly and easily.