Where to find income property?

[CardMinger]

Is it still possible to find true "income property". Property where you will start making money or just breaking even right away?

I live in California and properties like this are extremely tough to find but I have heard that stuff like this is available in areas like Idaho and Lousiana.

Anyone have any experience like this? Is it worth it to buy out of state and find a good property manager?

Thanks,
CM