Always Invest Outside of Los Angeles as a Newbie?

[Serj Kalfayan]

It seems that most of the time when I'm reading about new investors in Los Angeles, they are doing deals outside of the area. I understand it's very expensive to do deals in LA, but are there any other reasons aside from cost? Is this a good rule to follow as a new investor in LA - or should you just follow your connections/leads/opportunities and see what works whether it's in the area or not.