Getting started in small multi family investing out of state

[Kerry Mertz]

I'm looking for some advice on making the move into small multi family investing. I live in an expensive area of CT and I don't want to invest locally. I currently own 2 SFH's that were purchased in the Kansas City, MO area through a turn key company so I'm comfortable investing out of state. I've been doing a lot of reading and listening to podcasts lately and I want to become a more active investor so I can make a higher return on my investment. I feel like I'm getting a bit of analysis paralysis so I'm looking for some direction.

This is my criteria:

1) 2-4 units in a B neighborhood with value add opportunities

2) Strong local economy

3) Purchase price around $100,000-$150,000 (or less)

4) Needs less than $20,000 in repairs to increase value and rents

I'm looking for suggestions on which markets can meet this criteria and local people that can help me. So far I'm looking into Jacksonville, Chicago, Cleveland, Buffalo, Milwaukee, Memphis and Kansas City.