California vs out-of-state

[Jonathan M.]

Hi all,

I've been an active follower of this forum for quite some time. I have a pretty simple question -- at this time, would you invest in a $400k condo in Walnut Creek, CA or a 2-4 plex in Austin, Texas? 

It's the ongoing debate on appreciation vs cash flow. I don't really prefer one or the other so just looking for general advice on markets and what ya'll would do? 

Cheers,

Jonathan