Managing Out State Props When Where U Live Too Much $$$

[Mary Ann]

I live in Brooklyn and properties in the area are expensive, I don't want to leverage myself more than 125K for my first buy - even with a partner.  Outside of the area, including Florida where I lived, there are cheaper properties in my range, but need rehab work.  Should I get something out of state and manage rehab from afar or are there people who can manage for you? Or should I get something where I am right now, even though comps can go up to 650K.  I worry that managing from afar may be a challenge.  Anyone do this?