Need help with investment locations.

[Mike Nowa]

Good Afternoon all!   I am a licensed real estate agent in NY and I’m looking for my first investment property.  I saved enough for a nice down payment.  Looking at homes no more than 200k.  Where I live the market is extremely high and will be a no go for investing.  I have looked at different markets from Atlantic City, Hartford, Newburgh, Waterbury, Syracuse.  I am open to all suggestions.   How far should my first rental be from me.  I wanted something close but that seems very far fetched at this point. Thank you in advanced!

[Stephanie P.]

Quote from @Mike Nowa:

Good Afternoon all!   I am a licensed real estate agent in NY and I’m looking for my first investment property.  I saved enough for a nice down payment.  Looking at homes no more than 200k.  Where I live the market is extremely high and will be a no go for investing.  I have looked at different markets from Atlantic City, Hartford, Newburgh, Waterbury, Syracuse.  I am open to all suggestions.   How far should my first rental be from me.  I wanted something close but that seems very far fetched at this point. Thank you in advanced!

 We're seeing numerous secondary markets where cash flow is still strong; particularly on multi family properties. Like @Nathan Gesner said, I would get a property manager if you're more than 1 hour from the property.   I had a property that was 2.5 hours away and those calls for a blown fuse or stopped up toilet on the weekend are brutal.