Explore emerging STR markets where purchase prices are lower, regulations are clear, and tourism or worker travel demand still supports solid occupancy.

.: @Don Konipol - you forgot to add point #5:-Be a hard worker. 

If it is because you are close by, it would seem there may be better options in CA, although CA is tough in general. 

You have the right to have a list of all subcontractors that will be working on your property as well and be sure to make sure they're licensed and hold workers compensation, general liability insurance and bond as well, and remember if a sub, material supplier, laborer, designer, equipment lessor,  doesn't submit a 20 day preliminary lien notice they have no lien rights.

Managing rentals hours away is tough, but it’s definitely doable, even if you’re new to it.For finding and screening tenants, I’d recommend checking out On-Site.com.

It's tough if your market is not a retirement destination area or one that has a dearth of locum medical staff. 

I was wondering if there are any local real estate groups I could join or if anyone is willing to connect or work together and share information. this is a tough market for new investors and I am worried prices will continue to go up and this is the last time homes in this area will be affordable.

In CA an unlicensed handyman can only do $1000 (labor & materials)Only a licensed c39 contractor can do roofing and must carry workers comp insurance on himself and employees.

totally state and market specific.. only take advice from those that are experts in the market you want to give this a try.. keep in mind though there is a huge good ole boy network in any major city that will be light years ahead of you.. they will have tons of cash they will know values they are very tough nut to crack or break into.for me the easiest market I have seen to enter foreclosures is OHIO..

One of the plumbing companies I’ve utilized has their workers bring the shoe coverings & has them put them in prior to going inside for any reason..From a health perspective, if you think about it shoes are gross, especially if you’re out walking on streets, yards, job sites, etc. then when people come home then walk all over the place it’s slowly spreading around making things less sanitary..