Investing and renting still

[Caressa Franchesca]

Hi

I live in NYC and needless to say, the homes are expensive. The affordable ones are co-ops which I do not prefer. I also looked into the fringes of NYC, but these are also expensive. I am considering going ahead and investing out of state and turnkey properties. However, I realize once I do that, I will not longer qualify for the FHA/conventional 97 loan. I will continue to rent.

Also, what are your thoughts on investing but never having the experience of having one's own home?

Thanks!