Hi I am thinking about buying my next IP, saving up now.. below are two hypothetical options. I would like to know which one would you buy? Option 1: Location: Near Ex-PPOR turned IP Price: $400k Rental income: $400/w Option 2: Location: In another state Price: $200k Rental income: $200/w For Option 1, The price is higher, that means I need a larger deposit. I am also familiar with the area since it's was my PPOR, I have turned it into an IP currently managed by property manager that I trust, I also have some reliable tradie contacts that I can trust to maintain my property if necessary. For option 2, the price is lower and that means I just need a lower deposit and I can get in to the market sooner, but it is in an unfamiliar area and I need to make a few trips there for due diligence etc.. also no contacts, not sure if PM is reliable etc.. Just want to bounce off some ideas.. if you are in this situation, which one will u choose and why? thanks..