Investing Locally vs Out of State

[Ian Sanderson]

Hi all,

I am curious about the pros/cons of investing out of state vs locally. I am a young professional in my early twenties with a strong income for my age and zero debt. I want to build passive income for myself in the long term. Id like some advice about where to invest preferably in multi-family homes. As I live in the NYC metro area home prices and property taxes are high. Is it worth looking out of area at a "more for less" deal where i would have to use a property manager?

[Joe Villeneuve]

@Ian Sanderson

  Another way to ask that same question is, 

"Investing in a bad market, just because it is local...or...investing out of state, if my local market stinks"?