Choosing cities to start investing

[John Haveman]

Hi guys

I am a foreigner, with cash, looking to invest in single-family buy-to-hold properties.

Big question is: WHERE?

After spending a while on research (forums and podcasts!) I am considering diversifying into 3 large cities (to reduce risk) and acquire 3-4 properties in each, using a reputable provider in each city, with a view to expanding the number of properties in each city later.

My list is currently as follows:

1. Houston TX

2. Atlanta GA

3. Birmingham AL

There is sufficient cash to be able to put down the deposits, and financing the balance doesn't seem to be an issue.

Income is really important.  Capital growth would be nice.

What does the BP community think?

John