Out-of-State Investing Beginner

[Thomas Sulz]

Hi All,

I am looking to purchase my first investment property but was hoping someone on the forums could provide me with some insight or direction on how to get started. I am looking to purchase a SFH with the goal of obtaining passive income via cash flow. My price limit would be around $250k and I would be putting a downpayment of 20% on a conventional 15 or 30 year mortgage for financing purposes.

I am 26 years old so for the past couple of years my main focus has been saving cash, raising my credit score (780+), and eliminating my student loan and credit card debt (which I now have paid off in full). This being said, I am looking for some guidance on which real estate markets may be upcoming at the moment that have properties that are returning good cash flow and fall under my 250k mark.

Any feedback would be greatly appreciated.

Thanks!