Best markets for rehab/value-add multifamily deals?

[Brian Garrett]

I'm considering relocating in the near future strictly for the purpose of investing/building a portfolio of rental properties.

I'm specifically interested in using the BRRRR strategy on residential 2-4 unit properties and 5+ unit commercial deals.

I'm looking for assets in desirable C+/B- or better areas so no section 8, high crime or low income type of neighborhoods.

Rents must meet the 1% rule and I'd like to cash flow $200/door after refinancing once the property is rented/stabilized.

I'm trying to find a market where deals are more readily available than here in South Florida where it's very competitive.

If you were gonna pack up and move somewhere strictly to invest in rehab/value-add multifamily where would you go?

Am I looking for a unicorn market that doesn't exist or are there investors here on BP regularly finding these deals?