You’ve heard that buying a rental property can be a fantastic way to produce passive income, and you’re ready to invest. But there’s a problem: all the best markets are outside your local area. Can you still buy and rent out the property when you don’t live in the same city?

The answer is yes if you follow a few rules. Investing in remote property involves a little extra work and research, but done right, you can take advantage of other cash-flow markets while still living in the area you call home.