Investing in multiple locations

[Chantal Kennedy]

I was given the advice to only invest in rental properties in the area which I plan to live (so that I am able to be hands-on and manage issues myself should they arise). However, Los Angeles is not a practical place for me to begin investing due to high market costs, etc. If I plan to use an experienced management company for my rentals (as my husband and I plan to continue full time work), do you think it is risky to invest in less expensive markets in multiple states? 

[John Mathewson]

@Chantal Kennedy Great question. I think it all depends on who you work with in that area. That will make or break even the best of a deal. I would choose a location where you know someone or meet someone and really gain some trust with them to manage the property or find the properties for you as well. Hope that helps some, let me know if I can help at all.