Out of State Investing - need help finding a good location!

[Karen DiNapoli]

I live in Los Angeles and completely priced of this market. I'm having a hard time finding a good out of state location. My friend lives in AZ and suggested Downtown Phoenix. She said there are several districts there that are being revamped. Any thoughts on that area?

[Chele' Mendez-Dumoi]

Good morning, when observing the landlords that we represent them in rental properties, they seem to hold to the idea of buying and holding.  They have hundreds of units and continue to purchase and rent.  It is truly their business and livelihood. If done correctly where you are able to purchase in an area where costs make sense and there is a high demand for rental properties would be what you want to research and seek out. Perhaps in your state there is a location that is "hidden" in a sense, where prices are very within reason but at the same time would generate a high influx of renters.  You be surprised towns that may have been so-called "not on the map", but once the word is out what renters can rent for their funds and they live in a town that is nearby or even a bordering state that is in a higher bracket; the word gets around and in time rental properties become in high demand.  Have seen many places where in time they were once very "low-key" cities but as the word got out now to buy or rent in these towns is impossible because the value has appreciated so due to the demand.  Happy house hunting :)

[Abdul Azeez]

This is to the OP. Can you summarize the conclusion you have reached after these responses in terms of where you have shortlisted your investment area?