Is it worth investing in high priced multi-families?

[Alissia A.]

I agree that buying low is a key, however prices of multi-families in my area are rising very fast. There are specific towns/cities we are looking at around where we live but houses range from 680k-1.4mil and after doing the numbers, we're at break even or netting around 1k a month. Is it better to invest locally in these properties and tie up funds in higher priced investment properties or go out in distance 15+miles to less desirable locations to find less expensive homes with better monthly profit?

I'm interested in hearing differing opinions.

Thanks