What Market Should I Get Started In?

[Michael Rosenblum]

Hello everybody,

I am now starting my way in to real estate and I have decided its time to pick a market to invest in. I cant really go neighborhood neighborhood in the US cause I will never be done, that is why in need your help. I would really like to find good markets to get into from your personal experience or from your own research. Here are the main criteria I'm looking for:

1. I want to start with flipping houses so a market that is suitable for that.
2. A market in which I can find deals that will cost me about to 50K-80K including rehab. I know its hard to know the rehab costs but markets where it will be possible to find such deals. I am open to hear about slightly more expensive markers as well but that's the range I'm aiming for.
3. I am hoping to buy my first property in about a year so I am looking for a market that will be relevant for the next 4-6 years. Again, I know its not certain but at least one that it will be plausible.
4. The last thing is only as a bonus and that is that the state will have laws that are over seas investors friendly. I'm not saying pro over seas investors necessarily but if a state has severe anti laws then that might be a deal breaker.

It doesn't have to answer all of these perfectly, I am just looking to narrow down my search a bit but want to look at a lot of optional markets so that I can choose the right one for me.

Thanks a lot in advance to who ever will help