Newbie starting with a house hack? Where would you go?

[Abi Horton]

HI,

I am currently living in Long Island, NY (and I hate it here). I was going to buy a condo in Miami (I used to live there and would love to move back) but since realized its just not a good investment move to buy a condo in Miami and cant afford to buy something that would give me some kind of return). So now I think it will be smart to buy a multifamily somewhere and would like to house hack and rent the other unit(s) as MTR, so I am considering somewhere near a hospital and have seen OH come up as potentially a good area for cash flow so have looked at Cincinnati and Cleveland. I can afford around $200-250k. My question is, if you were starting from scratch and could go anywhere, where would it be?

Appreciate any advice! :)

[Steven Foster Wilson]

Quote from @Abi Horton:

HI,

I am currently living in Long Island, NY (and I hate it here). I was going to buy a condo in Miami (I used to live there and would love to move back) but since realized its just not a good investment move to buy a condo in Miami and cant afford to buy something that would give me some kind of return). So now I think it will be smart to buy a multifamily somewhere and would like to house hack and rent the other unit(s) as MTR, so I am considering somewhere near a hospital and have seen OH come up as potentially a good area for cash flow so have looked at Cincinnati and Cleveland. I can afford around $200-250k. My question is, if you were starting from scratch and could go anywhere, where would it be?

Appreciate any advice! :)

 This would generally depend on what you're after. Are you looking for appreciation or cashflow? If cashflow is what you're after, I would highly recommend Cleveland. The cash flow is king up there, however appreciation is lacking and seems to be along with the US national average. Whereas cities like Columbus have some cash flow, but tons of appreciation!