Would you invest out of state?

[Raeshelle C.]

I've read about landlord-friendly southern states like Georgia, Texas, Arizona, Tennessee and Mississippi being good states for landlords. I looked up the costs of SFHs in these states and I found that you can put down 20% with $10K. I guess the only issue I see with this is I'd only get back around $400/mo after saving for expenses and management. I have had trouble finding these low prices in my state though. It's expensive to put down 20% on a house in my state as it costs around $24-$30K+ in my state, but only $10K in the southern states which is doable for me. I also found a MFH in GA very cheap too. Would you consider investing in SFHs or MFHs out of state and just having a property manager or handyman manage properties out there? Anyone who invests out of state, how is that going for you?