It will be very difficult to try and maintain a property across the country and get quality tenants in the property and verify that they are not damaging the property.

Now that those CAP rates are long gone most hedge funds have moved on to other parts of the country.

It might be fine to use a remote bookkeeper but since just about everything you do in real estate is state specific having a local CPA you can sit down with who has other clients operating in your area is priceless.That is, unless your properties are spread out all over the country.

And that crazy county has some of the absolute worst landlord laws in the country.

•Commercial markets sales volumes grew double digits percentage wise •Normal seasonality in housing sales sees a decline from July to August and from August to September, but just the opposite happened as sales volumes trended up in the fall •Demographics make the U.S. different from most developed countries, as the U.S. is growing in population rather than shrinking •Demand for housing continues to outstrip supply as the U.S. added more than 2.6 new jobs per new dwelling unit built in 2014 versus the normal 1.25 to 1.5 new jobs per new dwelling •Residential and commercial rents will continue to escalate Challenges in 2015 include: •Rising interest rates •Escalating construction costs •New residential closing disclosures and documents •An income-challenged Federal Government •Ongoing and growing regulatory requirements impacting real estate •Stalemate in Washington, DC Opportunities in 2015 •Rising new and existing home sales – ditto prices •Robust investor demand for commercial properties •Continued rising residential and commercial rents •Highly affordable energy costsThis is FREE to members.

A business model based on the old stereotypical image of joining a country club, making friends on the golf course and instantly gaining business success probably should not be exclusively followed by the newbie, however, with the importance of networking and reputation, I think they should try to steer clear from being disliked by too many people if possible. 

Word of caution - be prepared to take months or longer to find and close your first property out of state/country because you need to learn the market, build your team, etc.. 

We have properties in different parts of the country but never intentionally invested from long distance.

Also you can search for the tax parcel number on your country web site to see if you can find the owner's new address. 

This is the exact opposite of 2005-2006 and the majority of other markets across the country have already greatly exceeded their 2005-2006 pricing, while SF is only back to it.