Invest out of state or stay local?

[Nicholas Van Blarcom]

Wrestling with this idea in my head. I've got around $100-150k to work with. In the area I'm in (eastern MA) that won't stretch past 1 deal. Would it be worth it to stretch my dollar and look outside my home state? I've run the number on a few multi family properties and the COC return is just barely better than what the stock market returns, historically. I am looking 3+ unit properties in the Worcester area at the moment.