For an FHA loan, you only need 3.5% down but if you're going to invest out of state, you won't be able to use an FHA loan unless you intend to move & live in the property. 20% down is required for a regular conventional loan.I started off as an out of state investor living in CA.

I'm located in California. 

Hello,I'm based in California and looking to dive into the real estate market in the Cleveland and Akron areas.

Hi everyone,I am very new to real estate investment from California.

Note: -the properties are located in California, Nevada, Arizona, and Connecticut-the properties are all financed under conventional loans-most of the loans are purchased as rentals, two are purchased as primaries. 

When I was in Canada I house hacked into two deals that worked out great but then I sold the homes a couple of years after I moved to California. 

In high-cost areas like California or New York, the rent-to-value ratios often make buying a primary residence less attractive compared to investing out-of-state where the economic and political climate may be more favorable for landlords.

@Alex Larcheveque I've been a RE developer for 17 years and a lot of my career was in CA and a ton of work in LA City/LA County.

In some places it maybe cheaper to rent than to buy (eg most of California). 

Even if California will not relent on adjusting emission control standards, and the more than 1,000 supplemental workers at the Stellantis Toledo Jeep plant who are expected to rise to full-time permanent status are laid off, on balance, local incomes are rising.For the vast majority of individuals, a home is the largest single investment of a lifetime.