$120k in cash - Want to buy a second condo (Which state/city should I look in?)

[Ryan Louz]

I'm currently an owner of a 1 bedroom condo in the SF Bay Area, California that has performed okay on AirBNB and on the private market.

I've got about $120k cash saved up (I know, not much, but thought it wouldn't hurt to ask)

I'm looking to buy a second condo in cash, and am an all cash investor for religious reasons and do not deal with loans, etc.

Are there any recommended regions in the US where I can get a Studio, 1 bedroom, or 2 bedroom condo for around $120k cash all in?

I've considered places like Florida (Orlando, Tampa), North Carolina (Raleigh, Charlotte), Ohio (Columbus, Cincinatti), Kentucky (Louisville).

Have also considered places in Central California like Fresno, Bakersfield, etc 

My goal is to just rent it out on the private market and make some extra cash flow. 

Would be nice to also have the ability to rent it out short term (AirBNB, etc) but this isn't totally necessary. 

Any locations that may fit my budget and provide a decent return?

I know it may be ideal to focus on Central California since I'm about a 2.5 hour drive from there, but the landlord friendly laws of other states entice me and I get concerned if I buy in California I'll end up getting a bad tenant without the ability to easily get them to leave. 

[Zeke Liston]

Quote from @Ryan Louz:

I'm currently an owner of a 1 bedroom condo in the SF Bay Area, California that has performed okay on AirBNB and on the private market.

I've got about $120k cash saved up (I know, not much, but thought it wouldn't hurt to ask)

I'm looking to buy a second condo in cash, and am an all cash investor for religious reasons and do not deal with loans, etc.

Are there any recommended regions in the US where I can get a Studio, 1 bedroom, or 2 bedroom condo for around $120k cash all in?

I've considered places like Florida (Orlando, Tampa), North Carolina (Raleigh, Charlotte), Ohio (Columbus, Cincinatti), Kentucky (Louisville).

Have also considered places in Central California like Fresno, Bakersfield, etc 

My goal is to just rent it out on the private market and make some extra cash flow. 

Would be nice to also have the ability to rent it out short term (AirBNB, etc) but this isn't totally necessary. 

Any locations that may fit my budget and provide a decent return?

I know it may be ideal to focus on Central California since I'm about a 2.5 hour drive from there, but the landlord friendly laws of other states entice me and I get concerned if I buy in California I'll end up getting a bad tenant without the ability to easily get them to leave. 

 You could find a single-family property in a C/C+ neighborhood here in Columbus for $120,000. You could likely get a duplex in a C/C+ neighborhood in Cleveland. So there are several good options here in the Ohio market.