First Property Location and Price

[Reed Lambier]

Hello everyone,

I'm curious as to how far away my first property should be. I live in a very expensive area and the average house costs around 300k. In looking for my first rental property, I am curious as to how far away it should be. I have a friend who lives here in Portland OR but bought a rental all the way in Pittsburgh. Is this a wise thing to do? He is using a property manager. 

What price range do you all typically look for? It seems like most investors go for lower priced properties.

Thanks in advance for any knowledge and advice!