Out of State Investing Pros vs Cons

[Grey Stone]

Who has done out of state investing? Have your experiences been good or bad, easy or hard? Do you feel it has been worth it? We have a good portfolio that we are happy with in the Los Angeles county exurbs. It has made my family good money and has been really easy to self manage. We're now wanting to diversify into a new area, but I am concerned about fixing something that is not broken. I have been looking into other areas like Colorado Springs, Scottsdale, Phoenix and Vegas. We're looking for places that are growing and can cash flow (even if modest). Opinions and experience is appreciated.