How to Pick a Location for Out of State Multi-Family Investing?

[Cassandra Cowen]

Hello BP Community,

My biggest obstacle is how to pick a market for multi-family investing. Our primary goal for investing is cash flow as well as appreciation over time. We have researched Florida, Texas, Alabama, etc. and feel like any could be good options- we just have to try one. I live in Southern California and am ready to jump in out of state.

How did you find your market? Any suggestions on hot locations? Thanks!