Invest in Phoenix or Cleveland?

[Kyle Johnson]

I'm a new investor interested in buying multifamily units in either Phoenix or Cleveland. I'm interested in buy and hold multifamily units or small apartment complexes and am primarily interested in cash flow. I currently live in California and am interested in having a property manager for my rental properties. I was originally interested in Cleveland but have hearing that Phoenix has been cash flowing pretty well. However, due to the pandemic many people out of Arizona are buying in Phoenix because of the cheaper housing, good weather and the ability to work from remote. Because of this, I've heard from a few sources that it's not a great renting opportunity right now. Perhaps I'm analyzing the two situations differently but all I care about are the numbers and what will provide greater returns. I recognize that there are opportunities in each area but I'm asking the community their thoughts in investing in either market. The proximity to Phoenix would be great but I don't see myself being there too often unless I'm buying. 

Which market would you choose and why? Which is better for my goals and why? Thank you for your help.

From my research these two areas tend to have