A-class areas offer more stable and predictable returns, owing to their typically dependable tenants and lower management requirements. 

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.

I've noticed a significant difference in home prices depending upon where the homes are located even though they are in close proximity to each other. 

Palm Coast is a good area but depends on the “section”.

I understand there might be many opinions on this and many reasons why each person can argue their case depending on what each person's goals are, so I'm definitely open to hearing anyone's thoughts on what they might do.

@Alex Clark Depending on where you live in CA it will be very hard to find a good deal locally to make much money off of.

From our experience it depends on the Housing Agency!

This would depend.

It all depends what you want to cover.

Probably depends a lot on location.