How to use your time efficiently when investing long distance

[Eamon Levin]

Hi All, 

I live in NYC and am looking to invest in my first property long distance as costs in and around NYC are too high for me. My question is how do I set up my first investment efficiently? Let's say I find a great deal in South Carolina. I imagine I need a trip to see the property initially before purchasing, I need a trip (maybe even a few) to overlook any improvements, potentially time spent there to purchase furniture if I want a STR property and also time to meet and find a house cleaner (never mind a handyman or any other needs for the property).

Living in NYC, I also don't have a car so going an hour upstate, which many wouldn't consider far, is difficult for me. 

How do people use their time efficiently when investing long distance? 

[Myrtle Mike Thompson]

@Eamon Levin I've helped several investors from the BiggerPockets community purchase investment properties in South Carolina sight unseen.  That may not suit your comfort level, but multiple trips to the area is likely unnecessary if you partner with a knowledgeable investor-friendly agent.  I conduct virtual tours, oversee inspections and repairs, and arm my clients with all the referrals they'll need to build their team (cleaners, handymen, co-hosts, etc).  Technology is wonderful.  But if you choose to invest in a beach market like mine (Myrtle Beach), your purchase can be a great excuse to get out of the city and have some fun!  You can fly direct on Spirit for less than $100 each way.  I just booked a flight for 51 bucks, lol.