How to start when your area is too expensive?

[Vinny Cristenson]

Hello everyone, 

I know this is probably a silly question, but I'm just getting started into investing and I have a facing the following dilemma:I wanted to start in a market there I'm familiar with, and that I can go and visit the property my self. However, the market I'm located (Seattle - WA) is out of control! Among many other reasons, there is 3 main that makes it very hard for me. 1 - there is a lot of people loaded with money that are willing to go 20 -30% above asking price. 
2- The prices are already high and the purchased price / rental ratio does not make much sense.
3- Seems that there is more buyers than properties available. 

I have been thinking a lot about going OOS, where there is more options and where my money can go further, but then again, how to do something like this on your first time? What are your tips and advices for situations like this? Any tools you know of that I should use?

Im just getting started, so any piece of information and advice helps. 

Thank you!