Investing Outside of My Area

[Nicholas Denning]

I live in the Denver Metro area and just got my first rental property. I am looking to acquire more, but with my price range and the Denver market it is hard to find deals that work right now. I am exploring the options of buying outside of Colorado and specifically in the midwest. I have family in Iowa, so I am somewhat familiar with that area. Overall I am having a hard time deciding where to start looking. Any feedback on areas to start looking at would be much appreciated. I would lean towards something that is rent ready, but not afraid of a little sweat equity. I am using a property management company on my first property and would probably look in to doing the same especially with it being in a different state. Thank you