Investment in Longterm Rentals

[Caden Thompson]

BP forum, 

I am looking to get into my first investment and have a few different strategies in mind that I'd appreciate some input on. 

I am currently a college student, but have enough capital to make my first investment in something out of state (live in Bay Area CA). I have been interested in finding something in the midwest or Texas because the RTP ratios are better. I am hoping someone has some insight into the out of state investment process because I want to see if this is something that I could see myself getting into. 

If I wasn't to go out of state I would probably wait to purchase anything because I don't have the capital available to invest in my area. I could look outside of my immediate area and find something in Northern CA, but it's very difficult to create cash flow in the California long term rental market. I see the potential in something like a BRRR in CA, but I don't currently have the flexibility to do something like that.

Thanks for the input I greatly appreciate any ideas! I would love to connect with investor friendly agents throughout the country, it may not be the right time for me just yet in certain markets, but when it is I'm going to come in swinging.