Buying investment property out of state for my first rental. Is this a good idea or a bad one?
Hi I live in San Diego and all the real estate over here is very expensive. I read that you have to start small so I was looking into buying a property out of state around 20K-30K cash then taking a small loan for the renovations that would be needed to make the multi family home rent ready. I know I will need a property management company. Do you guys think this can work if I don't live near my investment property?