What do you think of Richmond, VA for cash flow? (First-time home buyer)

[Thuy Tran]

Hi, it's my first post in the forum after 2 months of intensive reading, learning, listening on BiggerPockets!

I'm new to real estate investment, though my partner and I did try to purchase a house during Covid in San Francisco. Kinda glad it didn't go through. Now we live in a van and traveling across the US :)

Even though I've never lived in Richmond, I did some research and have come to the conclusion that Richmond, VA might be the right market for me:

- Population is growing

- VCU provides renters (students or faculty)

- Somewhat affordable (for me). Rent-to-price ratio is higher than some other markets.

- Low crime rate

- I've been there and enjoyed the city. Some parts of it are fun and beautiful.

Would like to hear your opinions on Richmond VA as the market for REI, whether you're a local or not. If you have comments on Virginia Beach, VA? Why is it not a recommended market compared to Cleveland or Columbus, OH?

Thank you!