Out of state investing in cities within a reasonable driving distance may be a good option. 

Bachelor/Bachelorette Parties: "Steps away from the city’s hottest nightlife with plenty of space to celebrate 

It's a lot of work upfront but once the team and systems are established it gets easier and as you get better you can expand to another city. 

To be honest, I´m in the Maintenance & Construction for corporate businesses for some US companies in Mexico and we do some Real Estate down here also, but it´s way much different than the US, so I have much to learn from a lot of people around here and as @Julio Gonzalez, I think this is pretty much the right pad and place to start and to break my fears to start all over again from scratchAlso, I´ld like to hear more from @Justin Brickman why he voted for his city, pros and cons, it will help to read from a local...As I said before, thank you all guys for taking the time to write in this post and share some experienceDo you plan to owner occupy. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.

The neighbor was the hottest in the twin cities and this house has 83 businesses cards of realtors who showed the property.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Quote from @Makani Donaldson: From what I understand, different islands or cities have different rules, and they are getting stricter.

I've looked at shared rooms for months in different Canadian cities noting price movement. 

There are certainly value-added opportunities in the city.

I've lived here my whole life and have really seen a dramatic change in this amazing city.