New to this and Proud of It (in Oregon)

[Collin Golden]

I am 25 living in Portland Oregon and have no business (or at least think I don't) buying an old crack house for $470,000. So I'm looking for help to do things a little different. Buying and holding small multi-family properties out of state seems like the best option and I have been looking at Minneapolis / St. Paul because of the low housing cost and high rental market (my own analysis may be off). 

At the same time I am a full time Account Supervisor at a digital marketing firm who loves business/finance books over novels (recommendations please!) I'm not totally one track mined however. I get out on my motorcycle often, explore the woods, mountains, ocean and love to snowboard, mt. bike, and race go karts.

Any direction down the right path would be appreciated and I hope to be able to share what I am learning along the way and pay it forward. 

Excited to get to know some of you, and dive into this! 

[Tim Johnson]

Welcome @Collin Golden.  I really thing you should reconsider that $470,000 crack house...let's partner up and get it done! (just kidding)

I'm in Minnesota.  I've looked around a lot for multifamily properties and purchased my first (18 unit) multifamily last year.  So far so good!  I've only looked in Minnesota so I can't speak to how Minneapolis compares to the rest of the country.  Rental market is strong here...I frequently have people calling to see if I have any vacancies.

It would scare me to invest out of my area, but I guess that doesn't mean you shouldn't do it.  Let me know if I can help.