Trying to jump right in

[Ashley S.]

I am a newbie living in San Diego, which is outrageously expensive to purchase any rental property. We finally have gotten to a place financially where we can buy rental property. My idea is to buy a little house for cash around $100,000 out of state and have it managed while it grows in equity and then eventually sell it. Is this a good place to start for a beginner you think?  Or is it better to hold on to my cash and finance the house? I'm trying to learn about investment rentals, but honestly I'm scared.  I don't want to make a bad financial decision, we work so hard for our money. I know everybody works hard, but I think you know what I mean.  With one kid in college and another one headed that way soon, any advice is appreciated.....