Experiences with out of state investments - SFR or Income properties (cheaper, investing)

[GoBears98]

Happy Friday everyone,

My questions are:

1) What is/was your experience in investing out of your home state?

2) And a more general discussion of which areas have been promising for you?

Hopefully this will be a continuing thread that all CD members can benefit from.

I'm personally researching places in Louisville, KY , Nashville, TN and Cleveland, OH

Thanks!

[simbared]

I live in CA and invest in West TX and Southern NM because houses are way cheaper there. However, I grew up in that area so I am familiar with the neighborhoods, etc. I have reliable property managers, which are a MUST in my opinion. I actually tried managing the properties myself but that was not practical. I wouldn't want to invest out of State unless I knew the area pretty well and planned on travelling there from time to time.