I find my deals off-market and do some cosmetic updates.In short, it's not for everyone and many will fail trying to run this playbook from out of state (or even locally).There are still areas and markets that work, you just need to be more creative or willing to put more work in than you did in the past.

Many nuances to all this but ... consult with a local roofer that you TRUST for the details.

I have found with my guests, they devour the combination of property info and local recommendations that I give them.

Alternatively join a local REI Association and get it from them along with ongoing support and networking.

If you're looking for less management intensive multi families that will be a better hedge against inflation, but may not produce much in the terms of cash flow, look at the Class A & B areas of Sacramento, for example, Midtown, Downtown, East Sac, Med Center, etc.

Most of the liaisons that the lender provides for "guidance" are not local and don't know the ins and out of construction in NYC.

The land is an out parcel with direct access from a shopping center that incudes tenants like CVS, Publix, Family Dollar, Marathon oil etc.

As you investigate your options in real estate, keep the following tips and ideas in mind:Determine Your Real Estate ObjectivesMake Use of Your Construction SkillsExamine Various ApproachesMaintain Your Mentorship LearningThink about short-term rentals and AirbnbCreate a Network and Look Into Local Real Estate MarketsSpread Out Your Investments Financial PlanningRemain FlexibleRemember, your hunger for learning and willingness to think outside the box are powerful assets in real estate.

I would google and find a local REI or Land lord Association and join them.

If not I have one that helped me figure out an estimated return as well as analyze the local market and how I figured out an estimated vacancy rate.