Starter MultiFamily - Phoenix / Atlanta / Indianapolis?

[Wes Wong]

Hi BP Experts and Community,

Newbie here looking to invest in Multifamily (Dup/Tri/Quadplex) rentals for cashflow. Currently contemplating on which market to start, especially with the current climate (i.e. rising rates/looming recession/inflation, etc.). Which city is best for a starter MUR: Phoenix / Atlanta / Indy?  

Okay with lower appreciation as long as there is solid cashflow. If PP budget is around 300-600K (can be more), any thoughts on which market is better for a starter MUR investor and why? 

Thanks for sharing your thoughts and expertise in advance!