Areas of the US for SFH cash flow

[Gregory Childs]

I was wondering where the best potential for "sustainable" cash flow properties. We are currently looking at Indianapolis and Phoenix (SFH prices are low, economy is OK, and rents are reasonable). I was just wondering what other markets in the US have the potential for sustainable cash flow on rental properties over the mid-term.

Not sure if this is too general a question - but interested in all of your insights.
Thanks,
Greg

[Gregory Childs]

Tampa has been through the ringer over the past couple of years - from what I understand the rental market has been pretty depressed and the quality of tennant pool has diminished considerably. If you look at the economic trends Tampa has taken a big hit.
However, the economic makeup of the employers in the Tampa Bay market is very diverse - Raymond James, MacDill AFB, ValPak, Techdata etc.. so it will come back. Also, the "investor tallent" down here is pretty strong so there is some good leadership within the REA's to take advantage of the trends.
However, I am buying out of State.. so that says something!!
Greg