Looking for any advice

[Gary Wildey]

I am looking to start buying small multifamily homes. I keep leaning back towards buying locally but I have been looking at my option of investing further away in a place that property is cheaper. I am looking to start out with more cash flowing properties then anything. I just would have to find a property management company if I did that. So I guess my question is what you think I'm better off doing?

[Joshua Noth]

@Gary Wildey There are numerous factors, and a huge one I would echo is what @Michael Dumler mentioned: if you don't have a team in ANY market (whether in market or OOS), it can add another level of difficult to your investment.  This is drastically more difficult if it's an OOS market.

Many people suggest investing locally for a first investment for many reasons, one of them being it tends to be easier to build that strong team - meeting them in person, meeting at the property, etc. can be very beneficial.

That being said, if your local market simply DOES NOT meet your criteria for an investment, don't try to force it.  Where would be your local market, and where else are you considering?