Best cities to buy mulit-family- Phoenix, Albuquerque, Dallas?

[Peter K.]

If you had 200-400k for 2,3, or 4 unit. Where would you purchase among these cities? Assume best investment for cash flow and appreciation. All three show up on various lists for best cities. Albuquerque seems best for cash flow, and lowest prices, but can't see great appreciation except for the fact its prices are low. Phoenix is priciest, but lower cash flow. I believe it will continue its fast appreciation. Dallas looks really good for both. Is Dallas the best?