Ash Housewares – it is Surveyor with the out-of-state properties – I have less than zero interest in owning any real estate that I can’t get to in an hour or less
one of my properties was in IB – about 45 minute drive with no traffic and as much as 2 hour drive in rush hour / weekend traffic – I decided that even IB was too far away to own rentals
looked at a property in Oceanside (which is even further away from me) – just a few drives up to view / inspect the property kept me from following through on my offer – the property was just too far away for me to manage
I’ll caveat all of this with the fact that I was working full time and managing multiple properties myself – if property mgmt were my only job (yuck!!!) I might be willing to have properties that were more than an hour away
FYI – numerous real estate investment books will tell you that being an out-of-state / distant landlord is not the best idea
