Need some suggestions for a newbie from the Bay Area.

[Harini Rajendran]

Hello BP members,

I am a newbie here wanting to close atleast 1 deal by the end of this year.

I am interested in buy and hold, cash flow rental properties and planning to start off with a Single Family Residence. Since I live California and the prices are so crazy here, I have decided to invest out of state in some buyer’s market. Is starting with a turnkey property a good idea? I am thinking of markets like Cleveland or Detroit for my first deal. My budget is around 75 - 90 k for a Single family. What do you guys think? Any suggestions would be great. 

Thanks, 

Harini