If you are interested in investing out of state I highly recommend that you build a strong team in your chosen location.

Start complaining and take it as high up as you need to go until these brokerages take you seriously. 

To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

As this would be in NYC the price point is very high so it makes a massive difference.

In the recent transactions Iv dealt with high rises Iv seen many special assessments in place for reconstruction of elevators and other contributing factors.

@Chris Wilburn,I think rents are staying high due to lack of inventory.

This strategy is great, but it fluctuates depending on the time of year, you probably won't live for free because it is more challenging since you are only Airbnbing a small space or basement unit.4) MTR - this is a good in between style of creative strategies since you can furnish a place nicely that would rent out on Airbnb but you want a long-term high quality tenant like a travel nurse or corporate rental that stay for 2-3 months vs. under 30 days for most Airbnbs.Combining strategies is the best way to go, ideally, you would find a property with a separate entrance or walkout basement, live upstairs in the one of the bedrooms, rent out the other upstairs rooms and STR/MTR/LTR the bottom unit.

Better cash flowing choices may not be preferred living for a year or two and a higher quality building might be to expensive, and you are now covering part of your mortgage.

I live in central Oregon, a HIGH cost of living area...I live in a great apartment complex and rents are at least $500/mo lower than a typical mortgage here.I am thinking about buying an investment BEFORE my permanent residence to keep my monthly CF and savings high.What are the pros and cons?

Hi All, I've worked for a non-profit my entire professional career (ie, my W2 income is not very high).