Cities near San Jose, CA with rental properties for $100K

[Nav Singh]

Hello members,

This is my first post.

I'm planning to buy my first property to give out for rental. My budget is about $100K purchase price, financed with a conventional loan. I live near San Jose, CA where property prices are sky high. I started looking at out of state properties (e.g. in TN or AL) and even ran the numbers on a few properties (positive cash flow), but I heard in the BiggerPockets podcasts again and again that you should invest in a property that is within driving distance. So now I'm looking for cities in about 2-hour radius of San Jose where I can buy a decent rental property for about $100K.

Know any such cities? Are Modesto / Fresno / Merced good cities?

Don't hesitate to critique my approach. Better to hear criticism now than make a mistake and regret later.

Nav.