1st investment- Best cheap markets nationwide? Dayton?

[Jonathan West]

I'm a new investor, economics background which means I understand math and maybe am grounded about appreciation or lack their of, however I came across "The book on rental property investing" and I again am realizing how much I know nothing.

That being said, I am saving money quickly and can make a small purchase or 2 in the next 3-6 months.

I came across an opportunity in Dayton OH, Its priced well for income, appears not to need a ton of work, and Dayton overall seems to be on the rebound.

That being said, I've done no research on markets that are also offer great price to rent ratios, with decreasing crime and economic growth/rebound.

Are there any resources out there that share this info?  How about info on Dayton, I am even just looking to better understand the Dayton market.

I would like to find 5 markets that i should start studying, and am looking for suggestions.  I live in Las Vegas, and I wouldn't be buying here for investment, just not the greatest deals, my opinion.

Thanks very much!

Jon