Better to buy one local property or multiple OOS properties?

[Kaylee Walterbach]

Hey all! I live in an expensive market (Denver) and am toggling between buying one expensive property locally vs. buying multiple cheaper properties out-of-state. 

By buying locally, I can take advantage of all the house hacking / primary residence benefits (low down payment, lower interest, etc.) as well as not needing to hire out property management. By buying OOS, I could purchase multiple properties with 20% down and avoid paying PMI every month.

Which would you choose? My partner and I are on opposite sides of the fence!