The opinion is my own...

Within the last 2-3 years, real estate investing has sparked a big interest in me and I know this is one of the main routes I want to pursue to make a living.

I would put it into multifamily.  10% COC is unrealistic here in Central Oregon in my opinion or at least my abilities, but I think you could by something with under performing rents and then over the coarse of a year or two raise them so you are getting 10% on your 450k,  That would be using leverage.  

My question is: an 8 unit property came up for sale and is over priced now (in my opinion).

My wife and I are looking to make our first out of state rental investment property and wanted to get opinions with using cash or leverage.

Any opinions on this ?

Just my opinion, but it will be difficult to invest here in Va Bch and Chesapeake unless you have cash and don't mind major renovations as it's a tough market with many investors competing.   

And they bought them on their own I did not provide anything but encouragement and opinions  of which they never listen to anyway.

I really respect everyone's opinions. 

There are companies that provide opinions as to the deficit or surplus in a condos reserve account, and also will forecast any anticipated assessments or increase in fees.