Looking to buy rental property out of state

[Jim L.]

Good morning everyone. I am fairly new to the community, and have been definitely stuck over analyzing instead of acting. Between the interest rates and cost of houses, I have been very hesitant to pull the trigger, especially me living in NY on Long Island where the cost is insanely high. I have kind of pivoted to looking for a location I am looking to retire ( somewhere in Tennessee by some water source ) and want to buy it to rent for the time being. Can anyone point me in the right direction as far as finding accurate rental comps? I've heard getting at least 1% of purchase price but know it isn't always as simple and straight forward as that. Also this is very daunting to me being my first rental property and it is so far away from where I live. Any long distance rental advise would be greatly appreciated.