Long term hold, where to buy

[Linda S.]

Hi,
I've been reading and reading and still have yet come to an answer.
My goal:
- Better return (my saving are in stock, mutual funds, some in 2% CDs now)
_ Buy for hold, potential for appreciation, reduce my regular engineer income tax
- Rent it using PM (I am in Redwood city, and it looks like my investment won't be in a near by town. I also have full-time job and mom of 2 young kids)
- Been looking into Sacramento, Roseville, Tracy, Manteca (using redfin, craigslist)
Should I buy in these areas to be somewhat close by?
Should I do turnkey out-of-state? Looked at MemphisInvest as some suggested.
Haven't seen anything even close to the deals mentioned.
I am very flexible, just want an investment strategy better than what I have now.
Appreciate any help.