I think economic factors are still the biggest factors (stock market/interest rates/political/upcoming election)...

There's just a lot of factors to consider when investing out of state.

There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

An additional factor to look into is the economic drivers of the area.

If you are planning on getting a new build, make sure and factor in your costs for landscaping.

The business credit will help for other trade lines, but personally I believe for applying for a mortgage that won't be factored in much. 

Also don't forget about blocking streets, police detail and all of that need to be factored into the price. 

If you continue to pay your mortgage on time and there's no issues, it most likely wouldn't be an issue, but it is a risk factor to keep in mind. 

The rates I'm getting from my broker are 4.375%-4.5% for a 5/1 ARM.I factored in the property management at 10%, but I'm planning on self managing. 

Closing cost and fees will depend on two main factors.