Out of State investing

[Eric Hamilton]

Hi Im looking into investing out of state in a local area that I grew up Roswell, NM.I know UFO funny right? Just looking at home prices there is real encouraging compared to Denver. Reason being is I just bought my own house with VA financing and I barely qualified to get into the place i am in now. I feel that if I want to invest it has to be something quite a bit cheaper than around here.Because I can only imagine how the conversation with a lender is going to go once they see I already have a house that I can barely cover.What is everyones thoughts on doing something like this or am I just being overly to cautious about approaching lenders?