Out Of State Investing
Hello BP community
I Wanted to take the opportunity to see what advice anyone had to offer on investing in Out of state markets. I currently live in a hot market (the SF-Bay Area) , where finding property isn't an impossible task but just unlikely to meet ones goals just starting out in today's market climate without High income or moving to an undesirable location.With this also will be my First deal so I am just trying to do my Due Diligence and reach out to the masses and get an opinion . Also I have the book on Long-Distance Real Estate Investing (along with many other real estate books From referrals and Podcast mentions) which on shed light on the pros and cons of out of state investing and now would like to put it to the test, being that I have about 50k to invest and looking to starting obtaining my real estate goals. So with a brief overview, the bottom-line to where I'd like to get input on is...
-what are your opinions about markets such as Cleveland,OH and Memphis,TN?
-Pros and Cons on personal experiences?