Looking at where to start.....Priced out of local Market

[Christopher Hand]

Hello Everyone,

Backstory:

My wife and I up until recently have been buying and renovating homes and then selling after 2 years or so to avoide paying taxes on the gains. Well it looks like this last reno will be the last for us since she has fallen in love and wants to stay in this home for long haul. That leaves me wanting to get my self into REI. Currently i'm in the Bay area and feel am priced out of the local market, I can't be the only one right? I was looking at out of state investing but have heard mixed reviews. Hopefully I can find a couple people to pick their brains on Turnkey investing and/or BRRR out of state.

Current Situation:

-Wife and I are currently working w2 Jobs and have a combined income of 160k

-Excellent Credit

-250k Liquid  (would like to keep 50-75K as a emergency fund)

Current RE:

-Primary home with 400k @ 3.625%  Value: 650-675K

-Open HELOC with 100k Limit

-SFH in Las Vegas, NV 90k @ 4.25 Value: 275k (Joint owned w/ brother) Rented @ $1375/mo