Anyone start out buying a long distance rental?

[John Cryan]

I have yet to purchase my first property. I was wondering if anyone has experience buying their first rental property out of state (or 5+ hour drive let's say). How long did you research the area? Did you make several trips to this distant location to view properties? Were you successful or do you regret it?

Reason I am asking is because I am in a market that is out of my price range but I am excited to get started, and wanted to start out small. Looking forward to all of your responses! Thanks