Looking for passive investments that positively cash flows

[Deepen Patel]

Hello all,
I'm thrilled to join this community as I embark on my real estate investment journey. I'd greatly appreciate advice from experienced individuals here on how to identify promising markets and deals remotely. Currently, my wife and I own a house in the Bay Area, purchased back in 2019. With a combined w2 income, we've managed to gather some funds for real estate investments.

My primary goal is to find passive investment properties that offer positive cash flow or at the very least break even after all expenses. As many of you might know, the Bay Area has become a challenging market to find such properties. As a result, I've begun exploring out-of-state (OOS) options like Austin, Joshua Tree, Raleigh, and the Sacramento area. However, after spending close to a year on and off searching, I've encountered difficulties such as lack of trust in some neighborhoods or uncertainty about the potential of these areas and overall unfamiliarity with the locality. I think it would become a lot easier for me to find deals if I am able to finalize potential couple areas.

To those who have successfully found such opportunities remotely, I'd love to hear your insights and learn from your experiences. How do you go about identifying promising markets? What strategies do you employ to spot potential areas? Any tips or advice on conducting due diligence in OOS markets would be invaluable. I am also open to building a partnership if you have any potential opportunities!

As I continue my search, I'm eager to tap into the collective wisdom of this community. Thank you in advance for any advice you can provide!