Investing outside of Oahu

[R Bucka]

Aloha,

Soo much great content and professionalism here! Thank you in advance for giving me a chance. Here it goes, I’m new to the site and I’m new to investing. I have a condo in Mililani Oahu and looking to 1031 exchange it or pull equity to purchase more condos . It’s been a good rental netting me $1100/mo. Im looking for more passive income and I’m more of a long longterm investor. Hawaii is an expensive market and I’m not seeing the real estate prices that will allow me to acquire more property with passive income. I’m wondering if anyone is investing out of state and if so which areas/towns?

Background info:

Condo Value-$300K

Goal: $5000 month passive

Timeline: forever

Aloha!