Newbie to Rental Property Investment, looking for suggestions on locations

[Dennis Li]

Hi BP!

I'm new to real estate investment, and plan to invest in long term rental properties. I live in Los Angeles so I'm looking for out-of-state properties. Would really appreciate to suggestions on which area/market I can research on!

Here are some of my wishes:

1. Positive cashflow, ideally if more than $200 per door

2. Purchase price less than 250K

3. Landlord friendly

4. Locations with good potential for future job growth and non-fragile economy, diversified industry/business

5. Locations OTHER THAN Columbus/Dayton OH or OH in general (I'm checking the area now, but would like to know places in other states too:) )

I've looked at Tucson and Tempe but the price seems too high. Las Vegas maybe suitable, still researching...

Thank you very much for any suggestion! If any of my bullet points are not clear or too naive, please let me know!

[Allie McAlister]

Hi, Dennis!

Welcome to Bigger Pockets! 

If you're looking for a market with some good cash flow, future job growth, and an economy that has come out of the other side of everything that's been thrown at it, sounds like Memphis might be a good market for you to look into!

I work with out of state investor clients like you every single day and I'd be happy to chat with you more about the current market and your goals to see if Memphis might be a good fit for you.