Would you recommend investing out of state for a beginner?

[Shivam Patel]

Hello BP community! 

I am looking to buy my first rental property. My goal is cashflow. I want to buy a multifamily property, although my local market (Houston, TX)  isn't really known for having a bunch of 2-4plex properties. Not to say i can't find a duplex here, but i'd like to find something with 3-4 units.

Having said that, I know other states have a better abundance of these types of properties that are less expensive. Would you recommend a "rookie" to invest out of state as their first endeavor? I'm hesitant as I am not too familiar with the state's unique laws and I don't have a network in those areas and they'll have to be created from scratch. I'm debating whether it is better to start in state vs out of state.

Would love y'alls thoughts! I'm determined to buy my first property in 2024!