Should I invest out of state?

[EJ Hyman]

Hello, I recently was brought into the world of Real Estate investing by a good friend of mind.  He is mentoring me, and wants to partner up on deals.  However, he lives in a different state than I do.  Is it dumb to invest out of state, even when you have someone who is in the area where you are investing?  I am just nervous that I don't know the market and that will come back to haunt me.