Investing out of state
Is there anything I should consider about investing out of state?
I purchased my first triplex in the same city as where I live. Now, as I'm looking to invest in another property, the numbers don't work well in my city (Portland, OR). It's going to be difficult to get anything to cashflow here.
I'm seeing some properties in other states that seem to work better, but I'm concerned that I don't know the area and I don't have relationships there.
Does anyone have experience and guidance? I'm not opposed to investing in another state. I just want to go in with my eyes open.