You would be out of money and not be able to afford those things.

Many decide to invest out of state because of affordability of properties and more potential properties available.

What is the need for affordable housing in area?

I can afford the 25% down payment, so that is okay - just thinking if I can find a renter in that area for the most part.Thanks!

Your network will help you rehab affordably (which is crucial to make investing profitable) and give you experienced people to review your numbers on deals. 

Just remember, not everyone can afford market rents and you may not be able to afford all 3 units empty at once. 

My business partner and I have been in sales for 15+ years so we scoured social (online) and real businesses and pitched them for 1-2 years (2017-2018)Once we got 1-2 major contracts (minor league hockey team & health care company), word of mouth and reputation did most of the work. 

I am currently based in NYC  considering to make a move (within the next year) out of state with the goal of transitioning to a more affordable state/area in the country.

Always do a thorough review of your numbers and do not invest any resources you cannot afford to lose.Best wishes on your real estate journey!

The seller was having health problems, could not afford to make the necessary repairs to the house, and needed to sell quickly, as-is.