you could look out of state but I feel it’s risky especially being new. try to find something 30 mins out from where you are located, small cit/village/township etc. it’s expensive in my city (cincinnati) but i found something right/just under my price point. it’s a 38 min drive from my job but it is mines :) 

Two things I'd suggest is to keep house hacking and dollar cost averaging. 

Optimally I would love to be able to use the property for a month or two per year.

My phone blows up all day long with "deals" that are not "deals" at all.There are two ways to find deals 1.

I have it on Zillow but I have only gotten two interests.

We will get significantly higher rents on two $200,000 homes here than one $400,000 home. 

It has two separate entrances with an extra 100 sqft of storage behind each garage. 

Set a goal to analyze two properties a day. 5.

I've been using it for almost two years with 300 units under management.

@Axel MeierhoeferThe sec compliance with this will have your head spinning as you would need to make sure each investor had equitable time to use a property as you cannot provide a specific benefit to two investors if in the same share class.If things go wrong with this or an investor gets upset and sues the risk you would be taking and the cost for D&O insurance would be through the roof to keep you out of prison.