Buying rental property out of state while living in California

[Kermaury Musgrove]

I am looking at buying property out of state as I reside in California. I preferably want to buy in the state of Mississippi and to seek assistance from section 8 as I plan to fix and hold properties. I also will be doing some fix and flips depending on how the process goes. I am having a hard time starting as I do own my own home here in California and I have a good amount of equity in my home to buy another property. Just a little nervous on the risks and collateral depending on what lane I take loan wise etc. Any ideas or opinions?

[Jonathan Greene]

This doesn't make sense. You want to leverage your current home's equity to buy out of state and do Section 8 (very difficult for new landlords and very hard to sync with property management) or flip out-of-state? How are you planning on flipping out-of-state with no experience?

What's your why behind doing this?