owning a co-op renting than buying a second rental property how t

[Elvis Genao]

hello everyone, First post and here goes nothing. Im from the NYC and we all know how incredibly hard it is to obtain any type of properties for beginners. i worked my behind to purchase a co-op in 2017 not to far from the city and  lucky for me the board accepts renting after 3 years which is coming up soon. Thats very exiting to me because this would be my first time making passive income.i just recently became a father and a husband and now all i can think about is financial freedom by using real estate. I don't really have family that have my back or friends that have goals so i feel stuck. i want to grow and im willing to put in the work. i have saved up a nice amount (50K+) and credit is solid aswell over 700 and I'm very interested in investing out of state. not going to lie just the thought of investing out of state sounds exiting but also scary. Im interested in multi families where ever the numbers make sense. would like to know what would you do in this situation.  thanks and happy new years!