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Updated about 3 years ago,
Picking the right market
Hello everyone, I'm looking to buy my first rental property out of state but I'm having trouble picking a market. I currently live in California which is pretty self explanatory. I'm looking to buy and hold, preferably properties under 100k. I'm looking to either get a multi family or SFR and I'm looking for a minimum of $200 net cash flow per door. My criteria for picking the state to invest in is as follows:
1) Landlord friendly state
2) Low Property taxes
3) Low median home price
4) Positive population migration/growth
5) Diversity of employment
So far I'm considering states like Ohio, Indiana, Alabama, Kentucky, Missisippi, and Tennessee.
Any advice or insights into any of these markets? Would appreciate any advice!