Which Out of State Market to Invest In?

[Zac Lindquist]

I have a property in my local state (Oregon) that I am thinking about selling to then 1031 into a property with more units, but do not know where to start. I have reached out to a few realtors in other states based on what I have found in the BP forums,but want to make sure I explore all options. I am curious as to how and why you guys have picked the markets you have.

I am looking to put 20% down, cash flow at least $200/door after management fees, utilities and expenses are paid and am looking at properties in the 450k-500k range. What tools should I also be utilizing? 

I appreciate all responses!

[Mardica Henderson]

Hi Zac. I invest in the southeastern states. I use a 26 point criteria to identify the properties from which state down to which house. I look for landlord friendly locations with population growth and a healthy economy. I'm not interested in properties in bad school districts or crime areas. I prefer to rent to middle income tenants - they tend to care more about their credit and stay longer. PM me if you'd like and we can get into it a little deeper.