Near or far

[Amy Wolf]

I would love some input on where to look for an investment property. I have heard so many people say they are investing in other states because it's cheaper (than CA) and their money goes a long way. My concern is how much money goes into the management and travel involved. House prices are higher here but so is the rent (I would imagine?) We don't have any residential properties yet. Is it better for us to keep looking locally for now? We have been watching them for about eight weeks. Will something eventually come our way? Any thoughts on this would be really appreciated. My hubby is getting frustrated because even the "good deals" don't seem to be much of a good deal. There is no cash flow left after all expenses are paid or the rehab costs will put is right at MV meaning there will be no instant equity. Or it's an undesirable neighborhood. What to do? Thanks in advance for your thoughts!