If you could invest in SFR buy & holds in any U.S. market, which would you choose?

[Ryan Hammel]

Hi All,

As I look into new markets to invest in, I would like to poll the vast geographical diversity of the BP forums to get an idea of where investors and agents are seeing great deals for buy and hold of single family residences. This can either be from actual personal experience or second hand sources.

The things I am looking for in this new market are:

1. Moderate to high rental demand

2. Moderate to high supply of undervalued homes (<$150,000)

3. A good ratio of rental rates to home values

4. Moderate to high economic strength

5. Moderate to low investor competition.

If you know of a local market, big or small, that has any 2 of the 5 I'd like to look into it in more detail. 

Thanks in advance! I look forward to seeing where in the U.S. your responses lead me!

[Curt Davis]

Here is the majority of what your responses will look like:

Memphis, Dallas, Houston, Atlanta, Indy, KC, Charlotte, Cleveland

The best markets will always have higher investor competition. 

Memphis has 3+ of your listed question criteria.