First investment out of market??

[Matt Owens]

Hi All, 

I have been studying markets in real estate investing for some time now. We have gotten our finances in line and currently are looking more in detail to purchase our first real estate property. We are in the north east where it’s very expensive right now and have done some research on other markets.

Also, following some suggestions from forums here, we have narrowed it down to a few.

What are your thoughts about out of market investing in rental properties? Especially with it being our first one. What would be some key recommendations from those who are experienced with it?