Buying a rental out of state

[Bryan Gwin]

Hi,

I was wondering if anyone has advice on getting cheap rentals out of state? I have read a few of these posts and most people argue that you don't need to buy out of state, but I live in WA and the market is quite high.  I was looking into the Birmingham area and it seems like you can find nice houses for quite cheap, some that already have tenants (Finding houses around 50-70k renting around $700/month). I have about 70k cash but am willing to take a loan if the cash flow makes sense. Anyone have any recommendations or ideas? 

Thanks,

Bryan