Wise to invest in Rental Property outside of your town?

[Jorge J.]

Hello,

I am very interested in starting my journey in investing in Rental Property. However, I live in New York City and there is a HUGE barrier to entry here as the prices of homes are very high ( At least for me). I am looking at perhaps investing outside of NYC, for example in the suburbs of Pennsylvania or Up State New York where the prices of homes are much lower. Thoughts on investing outside of where you live as a starting point?