Multi family investment markets $500k

[Jens Tutzauer]

Hello all,

looking for some advice and opinions here in regards to potential investment markets for multi family properties.  I have about $500k in a 1031 exchange account that I'd like to invest. Priority is obviously cash flow and gross monthly rent should be somewhere in the $4500-5000 range.  Currently looking at Albuquerque, Indianapolis and Nashville but open to other ideas. Not looking for a major fixer upper.  Thank you all in advance for your comments and advice.

[Joshua Janus]

@Leslie Pappas Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.

https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/

Here are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0

https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus