What are some good cities for cashflow?

[Derek Faller]

So I live in Bend, Oregon and have been doing flipping and rehabbing up here, but getting properties to cashflow up here is really hard. I do have a rental house here that cashflows, along with one in San Antonio that cost me less and brings me more money then my Oregon one. I am looking to pick up a few more rental houses or multi-family units in the near future and am looking to find my best option for location. I was originally planning on getting a few more in San Antonio, but would like to see if there are better options out there.

Anyone have any recommendations on other cities I should look at?

[Jeremiah B.]

We're about 1 month from making our first out of state purchase, and have been considering it for around 10 months.

The above list certainly lists several cities with cash flow potential, but keep in mind that cashflow will probably not be your only concern. Or, at least it wasn't our only concern.

Each investor and situation is unique, but some things to consider include:

1. Historic/Recent Growth
2. Future Growth
3. Affluence
4. Cost of Living
5. Economic stability and structure
6. Appreciation
7. Vacancy Rates
8. Crime Rates
9. Current trends with hedge funds and other investors
10. Availability of house-type that you're targeting (I'm looking for 3+/2+, newer)
11. Climate (yes - weather)
12. Schools

I'm actually going through this process myself - you're welcome to read more in my blog post here. But to save you the 50,000 word post, we are looking in:

1. Atlanta
2. Charlotte
3. Columbus
4. Memphis
5. Nashville