Good Markets to Acquire Fourplexes?

[Zach Winner]

Hi All,

I'm looking to acquire fourplexes and am wondering which cities people think have good opportunities right now. I am more interested in cash flow than appreciation. Ideally, the scenario would be 25% down, 30 year fixed loan, and at least a 15% cash-on-cash ROI.

I live in Los Angeles, and I do not think there are many good opportunities here to pick up a cash flowing fourplex. I've been looking in Phoenix, but there has been a lot of appreciation there in the past couple years, so it's been difficult to find properties at the right price there as well.

Any recommendations would be greatly appreciated.

Thanks,

Zach