Cash flow market

[Michael Barnard]

Hey BiggerPockets! I’m hoping I can get some advice and different perspectives. I’m sure this question has been asked before but with changing market conditions I don’t want to look up old info.

My wife and I are rookie investors. We own our primary residence and that’s it so far. We just had twins in addition to our 3 year old and during the pregnancy we focused on getting our home ready and networking. As a result of the networking I have a couple of people interested in providing private equity.

My question is in what market should we invest in. We are located in Southern NH, the intention was to invest locally. Our issue is at the stage we are at cash flow is critical. Not only can we not afford to take a year or two at a loss our investors have made it clear there needs to be meat on the bone for them to move forward. Should we stick to this market and fire off low ball offers to see if we can make a deal or are their long distance cash flow markets we should consider?