First time investor - In state 4plex vs. Out of state 12 plex

[Rohan Attravanam]

Hi All,

I'm a newbie investor and joined BP around a month ago. After numerous hours of learning through podcasts, articles, forum discussions and webinars later I found some good deals. I'm debating which one to go for as a newbie investor. I've just enough cash for one of the two choices. An instate 4 plex in CA, and out of state 2 6plexes in MO. They both seem to be great deals but given my experience I'm concerned about taking the bigger plunge. Here are few facts and my thoughts on the deals, and I can furnish more if required. Can you help me by providing your thoughts on one vs. other ?

In state 4 plex: ~400k, 2.5 hours drive from home, ~25% CoCROI, well within MAO (GYR*7 +- 10%), 50 years old, all units renovated, good neighborhood, all units vacant right now.

Out of state 2 6plexes: ~1.4M, in MO so very far off from where I live, ~30% CoCROI, doesn't really work with MAO but can probably be negotiated, the property is about 100 years old but is in good condition, college neighborhood, all units occupied.

I'd love any thoughts and comments. Thanks !