Personally, I don’t like any real estate investment that is more than 2 hour’s drive. The travel and the hassle is just too much.
Time is valuable and if you have to “work” at managing your real estate portfolio, that is worth compensation.
I don’t even own a second home because I feel it’s a waste to leave it empty most of the time. I’d rather book a hotel suite and have the option of changing my holiday destination whenever I like.