opportunity to purchase 300K investment property, where to buy

[Jhansi B.]

We are presented with an opportunity to purchase investment property(ies) with 300K. We are doing refinance cash out and the bank would like to see where the money goes and the only way they approve is when they transfer the money to another escrow. I have been looking at the cities where we buy and the market has become so hot with very limited inventory.

With all your expertise, I thought this might be the best place to do get ideas and I will do my own due diligence with numbers. I do not like to invest in war zones, I like good neighborhoods with good income tenants.

Thanks