french investor need help

[Loic Billiau]

Hi there,

I'm a member of a family based LLC and with my father we're looking for some good investment opportunities in the US.

We're living in France and already have bought two turnkey houses in Florida. ATM we're pleased with our PM but we thought it may be good to diversificate.
Maybe we will still invest in Tampa but in France letting all the eggs in the same basket is kinda double or quits.
I've done a lot of research myself on the web to draw some rough lines for our next move.

As you may guess, we want a passive investment as the primary goal is to maintain our capital. In France, real estate is stucked in very high prices with very low ROI. So buying a foreclosure, doing the rehab and then finding a tenant and a PM seems a wee bit off our hands cause we're so far away from our next-to-be investments.

I saw Dallas as a good spot but it seems that ROI is not as good as in Tampa.
I've heard a lot about Kansas City : low prices with the approx. same ROI.
Tucson is hit hard and foreclosure inventory stays high, but it may seem a good spot too.

We dont want to invest in Miami as we think the town is pretty much overrated and wont get back to the insane level of median price. Detroit seems risky, on the edge of bankruptcy, Memphis crime rate is pretty high, Phoenix we don't really have set up our mind on it.

Remains a lot of other good followers : Oakland, Austin, Charlotte or Charleston...

Any help in our american real estate quest will be gladly appreciated.
This website is a true gold mine with a lot of knowledge and that's why i'm coming at you right now :p

Thanks,

Loic