Looking for guidance as a new Out of state investor

[Venkateswaran Venkatasubramanian]

Hi Bigger pockets community,

I would like to get some wisdom from active investors, property managers, real estate agents about your recommendations, word of caution and advice. I'm anxious about making costly mistakes, I was reading posts from forum here about CT has high tax rate and safety issues. I'm trying to mitigate by risk by looking in the West Hartford or west end of Hartford. 

1. What is the cap rate that I should expect with investments in Hartford

2. What areas should I consider for best long term equity growth

3. What areas should I consider for best cash flow for rentals

4. What are other risks that I should consider when looking at a rental multifamily duplex, tri-plex or quad. 

5. Would you recommend me other areas/states for a new investor? I'm from Seattle, Washington and dont see lot of opportunities in our backyard.

[William Collins]

1. What is the cap rate that I should expect with investments in Hartford

4-12 historically

2. What areas should I consider for best long term equity growth

West Hartford, Avon, Farmington, Simsbury, Glastonbury, Rock Hill

3. What areas should I consider for best cash flow for rentals

controversial opinion here- NOT New Britain NOT Hartford

4. What are other risks that I should consider when looking at a rental multifamily duplex, tri-plex or quad.

Skip the duplex- look at tri and quad.

5. Would you recommend me other areas/states for a new investor? I'm from Seattle, Washington and dont see lot of opportunities in our backyard.

New York and Mass are even more pro tenant than CT.