We live in california, could not afford homes here. So is it okay to buy home in Colorado or texas,rent them?

We live in california but could not afford to buy home here. So is it okay to buy home in colorado or texas and rent them out?. My husband feels its not a good idea since we will be gettting rental income and have to pay taxes on them. So at the end there will be no savings. Our job doesn't permit to move cross country as of now. This idea is just for investment purpose, where we can sell the properties later. Any input is greatly appreciated.We live in california, could not afford homes here. So is it okay to buy home in Colorado or texas,rent them?
If you can't afford to buy a home you probably can't afford to be a landlord either, particularly a long distance landlord. You will have no way to keep an eye on the property to make sure it isn't being abused and if you hire someone to oversee it you'll be losing some money. It's not easy to find a trustworthy person to do this either.We live in california, could not afford homes here. So is it okay to buy home in Colorado or texas,rent them?
I'd agree with your husband. I don't think it's a stable investment especially since you won't be there to see to the property. Invest your money elsewhere and save the money for your down payment when you can buy a house. Can you imaging flying to Texas or Colorado when ever you have tennant issues.