New Construction AZ Out of State Purchase

[Brendan Delahooke]

Hi Team,

I'm considering buying my first investment property out of state in AZ City and it's new construction. I'm a big BRRR fan and have done this to my primary and current rental in CA where I live, but don't think it's realistic to do out of state. If it costs me $55K to buy this property and cash flow $170 monthly before expenses/management, is this worth it vs looking for a larger return? The market has softened by $30K on the values in 9 months ($255K vs $225K). A little nervous since there's no major value add with it being new construction… thoughts? Experiences with new construction investing?