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Updated almost 5 years ago,
Newbie: First Property in SoCal (local area) or Out of State?
Would love to hear opinions on purchasing in the more expensive Los Angeles / San Diego areas for first rental property to keep it closer? Or look at lower priced markets out of state?
Hesitant in out of state due to the obvious distance of the property -- but can make better use of funds with possibility of purchasing multiple properties vs only one in local area. Also keeping an eye out to 'house hack' with a duplex while living in one unit. Just beginning my search but realize that's harder to come by in the LA / OC area.
Appreciate all of your insight!