Invest in Charlotte or another state

[Kristy Goelzer]

Hi all I am new to the site and looking for some advice. I was wanting to purchase my second rental property (currently own a townhouse in CLT) but the charlotte market is very hot and overpriced for my budget (wanting to not go over 250K). I am interested in either a single family home or a multi-unit as my first property. I plan to use a property management company for my rental. I am considering going out of state where the cost is more affordable but I am not sure if this is the best approach since I have limited experience ( I only have had one investment property that I rented out (managed by a property management company) and sold off a few years ago before the pandemic. I am wanting to get back into the real estate game and wanted to get some advice if out of state is a good idea or not since I am mostly a newbie or should I stick to Charlotte were I know the market well (lived here for 20 years)? Can you recommend any real estate agents that are investor friendly? Any advice would be very much appreciated. Thanks in advance for reading my post.

Kristy