Out of state investments

[Gabriel Almendariz]

Hello, 

I'm a brand new investor in CA.  I've realized i do not have the working capital to currently invest in CA, since all the hard money lenders I've talked with require 20-35% down with a new investor like myself.  That being said how do out of state investors go about choosing a market?  I've been looking into Dallas, Texas and Cleveland, Ohio.  I'd also like to know if out of state investors try to locate a property manager before acquiring deals or is that something you figure out as you go? Any insight you have will be helpful.

Thank you for your time,

Gabriel