Looking to invest out of state - cash flowing markets

[Joe G.]

After months of reading and researching throughout BP, I've re-evaluated what I'm looking to do with my RE investment goals and am aiming to purchase my first property this year.

Basically, I am looking at out of state markets with cash flowing properties to eventually replace my W-2 income. I have around 80k to work with and looking at multi-family/unit properties however if the numbers work SFH as well. Ideally, want to 'rinse and repeat' to build my portfolio using that 80k whether it be cash out refi or through creative financing.

Some of the markets I'm interested in are Columbus, OH, Indy, Pittsburgh, and KC.  Open to hearing any other suggestions on good cash flowing markets as well as what everyone looks for in evaluating and finding these type of markets.  I've tried looking in my area and around northern NJ but the numbers are very tight especially with property taxes over 10k and I think going out of state makes the most sense for me in regards to my RE goals.

I understand the risks in out of state investing but also the importance in establishing a good team in regards to brokers, agents, contractors, PM's so would love to connect with anyone in these markets who would have good recommendations in getting started working with out of state investors.