How to Narrow my Market Search

[Edward Suess-Hassman]

Hello all!

I am looking to try and buy my first REI property this year. I live in San Jose, California and I would prefer to invest somewhere that is within driving distance (at least for my first few properties). However given my budget (probably ARV of 200k), and the markets physically close to me, I don't know if that is feasible. I am looking to leverage the BRRRR strategy for the properties I want to invest in.

I am looking for any advice on how best to quickly narrow my market search as there are many cities and neighborhoods. My first thought was to look at average cost of housing in each city and start looking for a city that matches up with my budget and go from there.

I appreciate any insight, assistance, and mentorships. I typically pick things up quickly, but I realize experience is the best teacher, so I am trying to lean into the process and start. 

Thank You!