In state or out of state. Based in Utah

[Brandon Ngo]

I've recently been looking into properties in my area for the past few weeks and I realized that the average prices are pretty high. A SFH can easily exceed $200k with rehabbed ones going for much higher. In my plan for a first property would most likely be househacking a 3-4 unit property. But the prices here in Utah are pretty high for multifamily properties and I can easily see myself dropping 80k+ on just rehab and down payment onto a single property. In the numbers I ran, I found it a little bit hard to get a significant cashflow and CoCROI especially with SFHs but it's definitely possible. Since, the prices were so high, I started looking out of state and I found that both Colorado and Nevada are fairly good states to invest into and since they are neighboring states, I was thinking of maybe moving out of state since it's fairly close to home. I really don't want to move away from all my family and friends so does anyone have any advice or are in similar situations?