I live in LA and am new to REI. I don’t have a lot of cash (yet) for down payments and am interested in investing in Phoenix. I used to live there and know the area. I’ve noticed that median prices are about $100,00 less than LA.
I would prefer to live near my rental properties but am not at all willing to move back to Phoenix. Would it be advisable to hire a management company to do the rental work? Is it still profitable for the RE investor?