Newbie here-please recommend market to start with

[Tracy Wang]

Hi all
I am totally new to the rental investment. I am in California and looking into purchase out-of-date SFR as rental property. Given so many markets, which markets should I focus on my research? I would appreciate to start with a short list of markets you can recommend? For start, I will mostly likely go with a turnkey provider, if you can share the ones that you have good experience with, that'd be great!

thanks a lot, I am learning each day from this forum.

[Adam Schroeder]

Originally posted by @AJ Singh:

Please remember that OOS prices are triple of what it was 5 years ago and most of the cheap housing available to OOS investing / turnkey is what a local investor of that city is not buying..

AJ, I'm not certain what you mean by OOS prices are triple. Sure markets have seen appreciation, some of them significant. But a 100k home in Memphis from 5 years ago, for example, can be had now for 120-140k. Rents in the area have skyrocketed as well, keeping your return very good. And housing for investing/turnkey isn't what local investors aren't buying. The inventory is being bought by local people, flipped, then sold. 

To the OP, Memphis, Kansas City, Indianapolis, Little Rock and some parts of Florida are great spots to start looking.