Local market (MA, NH, RI) or out of state for my 1st multifamily?

[Rory M.]

Hello,

    I am currently working through the initial diligence process for making my first multifamily (2-5 units) investment and am currently weighing the pros vs. cons of investing within my local market (MA, NH, or RI) vs. out of state - where there are likely higher growth (Orlando, Tampa, Dallas, Raleigh) or higher cash flow (Cincinnati, Cleveland, Columbus), but for which I would likely need to establish and rely much more heavily on partners in identifying opportunities and for ongoing management.  

Any perspective folks may have on where I should focus my time would be much appreciated, as would any resources/contacts that folks can point me to as I consider my options here.

Thanks,

Rory