Investing in rental properties across country, good or bad idea?

[Tony Choe]

Hey BP family!

I wanted to get you guys' input on what your thoughts are investing in a rental property across the country. For example, I live in the Bay area and there is no way I can invest in a property around here anytime soon. I was interested in investing in a market like Orlando :

• Median Sales Price: $115,000
• Median Rent Per Month: $1050
• Median Household Income: $42,418
• Population: 255,483
• 1-Year Job Growth Rate: 4.6%
• 1-Year Appreciation Rate: 12.6%
• 3-Year Appreciation Rate: 38.4%

Here comes the catch, I could not afford or have the time to be traveling back and forth from California to Florida routinely to manage the property, etc. Now I could hire a property management company but I am not sure how much that will cost me and if I will be able to generate cashflow if that were to happen. So would a property management company be an absolute necessity or are there any other options on acquiring a property in locations like Orlando and generating income? Any suggestions or tips would be awesome. 

Thank you BP fam!