Best states to buy investment properties under $150k?
Planning to purchase my first investment property for around $100k. I live in NJ so the east coast would be preferable. Was thinking of PA. NYC and NJ are probably out of my budget. The goal is to buy and hold. Renting the property should cover all costs including management fees.
Which areas would you recommend? Whats the best way to accomplish my goal (start investing in real estate and benefit from the power of leverage)?