Purchasing out-of-state rental first or House-Hack here

[Parker Radford]

Hello,

This is my first post and interaction with the community. I currently live in Carlsbad, CA (North County San Diego) and am not quite sure what action to take. I have enough capital to invest out-of-state and buy my first rental property in the Midwest. The other option would be to continue saving and wait another year to buy a MF House-Hack here in SoCal. I don't have enough capital to do both. I currently rent and have no problem staying here but want to make the best decision. This has probably been talked about before and I might be overthinking things but any advice is greatly appreciated. Thanks!