First Multifamily Property - Where would you buy?

[Michelle Jones]

Hi all! I am looking to purchase a 2-4 unit multifamily property. I am from CA and just moved to CO but both of those areas are super expensive to get started in. I am wording what cities have a relatively low entry cost ($100K-250K) but yield good rental returns. I'm not super worried about appreciation (I know for example Cleavland OH has pretty cheap houses, relatively high rents but not much appreciation). I am going to start a direct mail marketing campaign/ cold calling in some areas in an effort to locate an off-market property, I just need ideas on some cities I should target. Any ideas? Also, any general advice for a newbie who only has 1 door is welcomed! :-) 

[Stephen Brown]

Indy, Columbus, Cleveland, Toledo, Dayton, Grand Rapids, Fort Wayne. All great options to consider!