I haven't done extensive target area research yet, but I'm currently located in Monmouth county and was hoping to get starting in the North/Central Jersey region.

Care to share where your out of state investments will be located? 

I had to get rid of my first PM in CLT wasn't a good fit but once you know what to look for it gets easier..Best of luck in your journey...Great advice, when you say easy access to location of the property, what are your guidelines?

If the location is bad, maybe cut your losses.

Looking to do low down payment that will affect cashflow because my family and I will live in the house for the first couple of years and want to live in a more desirable location/home.Thoughts?

How hard would it be to replace the location and rent they are currently paying with another comparable unit?

If you are worth say 300k and taking a big chance with a good amount of money down then stay away from the low income areas and pricing. 6 to 7 years ago my friends were buying properties for 55k cash in Roswell in A location and putting 10k in to make rent ready for 900 a month rent.

With regards to Section 8, I would just caution you to really look at the values they will pay in whatever zip code your property would be located in. 

Locate a Motivated Seller that will consider Seller Financing.

Potential list/location that I am looking into:  A.