Should I buy out of state or am I not getting creative enough?

[Jake Stokes]

Hello! My name is Jake.

First time poster here.

I want to jump in to real estate today. The “issue” (more of a roadblock) is I am living in a rather expensive area on the coast of California.

San Luis Obispo, Ca

Median home price: $749,900

Average rent: $2,625

I don't know if it would be worth buying a SFR in the area, simply for the expected appreciation. I couldn't see cash flow being something to boast about either.

I’ve listened to a few podcast featuring guys/gals who have had great success in Out-of-State investing. Sounds great and all but I’m Just uncertain! It seems like a daunting task to build a team of people you’ve never met to manage you’re properties while you’re 2000 miles away.

I hope everyone can prove me wrong!

Options:

A) Trust Appreciation and buy a “deal” in the area.

B) Invest out of state In a location that I’m not familiar with but has great cash flow rates. Building a team there.

C) Invest in my home town (Dalton, Ga) because I know the layout of the city. Where to buy, where not to, already know people in real estate, ect.

Thanks guys!

Jake