After physically meeting some local BPers here in Indianapolis, and throwing this idea around, it seemed to stick more than I reckoned it might.If you're reading this, the title must somehow relate to an all too real experience, especially with OOS folks.

If you invest locally you feel like there is more control and that proximity is comforting whereas if you engage in long distance investing it feels out of touch. 

Not to mention, even if your property manager requires a tenant to physically hand in an application, you won’t have to be there during the drop-off.You will, however, have a say in whether to approve the tenant or not, even without having met them in person.4.

@Stephanie Reynolds Will you be physically managing/building the property or delegating? 

Proximity to my day job also factored into where I chose though.

But what if the units are not physically connected?

Again, start with the end in mind, put yourself in the shoes of your ideal guest (even if it’s not what you’ll get to start), and base your bed choices off what arrangement suits them best (and your physical space allows).

I did plan to wait to purchase any pure investments until we were there and I could physically see the areas involved.

@Art Perkitny  Philadelphia is a bit of a different beast where metrics like college education hold less weight, around here commercial development by proximity and what is in the  City's comprehensive plan is king, especially since Philly's value is in its evident boom of city-wide appreciation.  

Everything in Glenrosa has been getting snatched up based on proximity to parks, schools and it's one of the few places left that is still "affordable".