Buying in other states! What do you think?

[Jonathan Paz]

Hello everyone!

I'm new to RE and ready to purchase my first rental property. I've been looking out of state because unfortunately here around Tampa, FL and surrounding areas is getting crazy as far as prices. I've done some numbers and deals don't seem to have positive net cash flow around here for the most part. Sometimes you may find a property on the positive side but it'll be extremely low, less than 100 or so, i would rather have a bigger profit margin since it'll be my first RE investment and this will protect me from mistakes I may make. And with this the question becomes, what do you guys think of out of state investments? Pros and cons?