Looking for cash flowing markets with appreciation potential

[Manav Mandhani]

Hey all - I bough my first rental property in Texas a couple years ago and was able to cash flow out the door in addition to the appreciation the area has experienced since the purchase. I'm looking to continue my REI journey by looking at other markets across the country that can help me achieve the same goals.

My primary success metric is cash-on-cash return. I'm hoping to use the cash flow from this investment to help fund further real estate purchases. However, I don't want to lose sight of appreciation and would prefer to do deals in markets that have shown strong historical appreciate over the last 5-10 years. I'm pretty flexible on budget. Does anybody have suggestions for areas I should be taking a look at?