Looking for Advice on Current Market in Central Nebraska

[Drew Zaruba]

Hi everyone, I am located in Kearney, Nebraska. I am currently a college student living with 3 other roommates. I am looking to do a house hack and buy my first rental property this spring. I have already been approved for a loan and have sufficient funds to start buying properties through other investments. I am wondering though if I could get some feedback. I am originally from Columbus, Nebraska. The towns are relatively the same size with Kearney slightly larger. However, home prices in Kearney are about 1.5x what they are in Columbus. Rents are slightly more in Kearney due to the college. I have family who could manage my rental for me in Columbus if I chose to invest there instead. Do I pay the premium here and house hack? Or do I take my money where it will go further and starting buying rentals in Columbus? Thanks everyone!