New member from SoCal looking for advice

[Ryan Sommer]

Hello.  New member here and pretty new to real estate.  I'm almost 40 and just bought my first property.  I purchased a condo in the expensive LA market for my primary residence.  I am interested in investment properties but not sure where to start.  My only current debt is the mortgage on my condo and two small car payments.

The local market is so inflated I'm not sure if I would be able to make any profit here.  For example if I turned around and rented my condo in the current market I would probably just break even or maybe make $100-200/mo without accounting for management fees.  I am curious if buying property in other markets for rentals would be feasible?