Investing in a far away market

[Max Nathan]

I'm in Miami and want to invest in a cheaper market where my money will go a longer way and so I can cash flow better. If I want to invest in Alabama, do you think this will pose a problem. I would try my best to fly there once a month during construction and do you think i can trust the gc to handle everything. Please let me know 

[Derrick Lewis]

Quote from @Nicholas L.:

@Max Nathan there is no cash flow anywhere right now on small properties - prices and rates are too high.  house hacking will build equity which is where real wealth is.

Cash flowing well on every SFH and small multi family deal I've done in Upstate NY, even with my first having an interest rate above 10% due to what my credit was. I wouldn't be cash flowing paying a property manager, maintenance, etc. to be able to operate out of state though.