Buy locally w. high property taxes vs. long distance investments

[Nicole Cotrino]

Hello,

I should start by saying that I am completely new to this world of rental investments, but I love the idea of it. I am so excited to get started, but I'm having trouble because I am having trouble deciding on a market.

I live in NJ and property taxes are extremely high here. I'm having trouble finding properties that would have good cash flow here. For anyone else in a state with high property taxes, how have you dealt with that? Have you found it better to hold out for the right opportunity in your local market or go into a market elsewhere? 

We would plan on using a property management company either way, and would fly out to see the property during the inspection if we were to purchase in a different state. I just stumbled on the concept of turnkey properties, which sounds like it could be a good idea for out-of-state investors. 

We are leaning toward purchasing out-of-state. Are there any major considerations to buying out-of-state that you think I should consider? Also, why specific markets would you recommend?

Thank you!