1st Time Investor--Cary, NC

[Abhishek Pareek]

Hello Everyone

This is my first time I am planning to invest somewhere close to my location ( Cary, NC), but this area looks very expensive now( more than 380k). I am looking for single family homes in close by areas which are growing, good for white collar job guys and is good from rental perspective.

Cash Flow for properties near me is very bad and rental doesnt cover mortgage + expenses. I may end up paying 200 to 300$ more each month. But value appreciation is around 1% to 2% each year.

Should I think of long distance investing? 

thanks

Abhi