Finding an area, out of state rentals and crowdfunding.

[Nate Williams]

Hi everyone! I'm new to real estate investing and I'm planning on getting my first rental property, or hopefully properties, in 2024. Here's my strategy: find a home that will cashflow even after crowdsourcing the downpayment. Buy in an area that will appreciate rapidly within 2 years so I can get some equity out to buy more. Cashflow and equity, BOOM! These homes would be out of state as I live in LA and idk how anyone affords anything out here these days.

I'm sure I'll be cursing myself at times for thinking this is a good idea but by years end I'd like to have at 3 to 5 homes using this strategy. 

My questions are:

What are the best ways to identify an area that will appreciate quickly, ideally within 2 years?

Has anyone tried this method?

Does anyone have any advice on buying and managing properties out of state?