1st Rental Property - Better to take a low return closer to home?

[Brian Dickerson]

After plenty of learning, my wife and I are now on our search for our first rental property investment. We live in South Florida, where its difficult to find a good cash flowing deal. We've actually found a few properties within 25 minutes of where we live that seem to have somewhat decent returns .. 9-10% CoC ROI , ~$150 net cash flow monthly. These numbers seem to go higher when we look Orlando / Tampa area (3-3.5 hours drive from us)

SO, let's say we were going to use a property management company right off the bat.  Why would you recommend staying local for our first property, or why not?