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?