I wouldnt reccomend it for long distance unless you have a really good PM, and most really good PMs probably wouldnt take it TBH.

This is exactly why long distance BRRR or flips is a very bad idea.

If you're serious about RE, I'd recommend investing relatively locally first, then moving to where you really want to live and managing your managers from a distance.

I know people in my long distance real estate investors facebook group that invest in Cincy, but as others have been saying, it has been more difficult finding good deals. 

If your area required concrete pads or anything else like that, plan on much more.Utilities will vary depending on the distance from the utility hookup to the home. 

I have listened to the section on mortgages in both the BRRRR book and the Long-Distance REI books by David Greene for questions but he doesn't go into this finite difference.  

Hello everyone, I am a new investor that recently joined BiggerPockets and I'm excited to start connecting with people here.I currently live in a small town south of PA, about 1.5 hours from DC and Baltimore.I have been thinking about starting in Real Estate for a long time now, but because I have moved so often due to my job I was afraid of buying in my backyard and having to move and manage from far away.This year I talked to my wonderful wife and we decided that it was time to get over this fear and start investing long distance since we will never know what the future holds.

In addition, he might spruce up the kitchens and set rent to get about $60K/year NOI and just hold, but he wants to quit managing and doing R&M from distance (driving down or answering tenant calls, etc.), maybe get some funds out now without refinancing - anyone reading this ever "sell a piece" of their rental and set up an LLC with operating agreement to bring a limited partner in who manages, while the primary current owner slips to a passive spot and collects his portion of income monthly or quarterly? 

Hello everyone, I am a new investor that recently joined BiggerPockets and I'm excited to start connecting with people here.I currently live in a small town south of PA, about 1.5 hours from DC and Baltimore.I have been thinking about starting in Real Estate for a long time now, but because I have moved so often due to my job I was afraid of buying in my backyard and having to move and manage from far away.This year I talked to my wonderful wife and we decided that it was time to get over this fear and start investing long distance since we will never know what the future holds.

Location (Fire Protection, Distance to the Coast, etc.), Age, contruction, degree of updating and other factors can cause the price to vary.