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.