Best Turnkey Cash Flow Markets in 2017

[Mark S.]

What, in your opinion, are the best turnkey rental markets for cash flow in 2017? I've been listening to a lot of podcasts and playing catch-up on some of them. In other words, I might discover a new podcast I like and I'll begin listening all the way back from episode 1 to current. I've been hearing a lot about different ("good") cash flow markets but some of these podcasts are back in late 2014 and 2015. Obviously things change. Just wanted to hear some opinions on different turnkey markets where the primary goal is cash flow. Here are some I'm considering: Memphis, TN Atlanta, GA Kansas City, MO Jacksonville, FL Indianapolis, IN

[Scott C.]

I think you'll get a lot of that - people in the business suggesting their market, whether on your list or not - you are not likely to get an unbiased assessment of which market is best.  I personally invest in Jacksonville and Indianapolis, but I can't tell you those are the best for cash flow in 2017.  There are simply too many markets for me to understand them all.  But since Indy and Jax are the markets I know, they are the ones I'd recommend.  But I'm sure in any of the markets you listed, there are turnkey operators that have good cash-flow deals.  And of course in other markets.  

I like Indy because the cost of entry is pretty low with a strong rental market, and I'm working with partners I feel I can trust and have shown to do good work, and I like Jax because of all the job growth and infrastructure improvements, and again because I have partners on the ground I'm comfortable working with.  I passed on KC as a market because it is a bit too far for me to drive there myself and flights there tend to be expensive, although there certainly were deals with good cash flow.

My advice - pick a market based on criteria important to you, contact the turnkey operators, visit the market to look at deals and see their work firsthand (very important), find ones with cash flow that meet your criteria, and dive in.