Much more to factor in!

Just know your risk and factor it all in.

I'd budget at least 10% because you have to factor in other costs and the typical 1 months rent leasing fee. 

Although the state's budget is factored at $54 oil, most of the larger oil companies in town are still in the black with oil over $30 per barrel.

You have to consider location, LTV and loan amount is a factor in the process of securing a low rate.

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.