I am searching looking for a real estate investment property

[Voley Martin]

I am a new pro member. My plan is to buy something in the next 90 days to a year that I can cash flow at least $100 a month after all expenses are accounted for; i.e. property management, taxes, insurance, cap expendetures etc. What are some of the best markets to get started in?  colombus/springfield OH seems at least somewhat promising to me. 

[Andrew Kubik]

First off, welcome to BiggerPockets Pro! It’s great that you have a clear goal—finding a rental property that cash flows at least $100/month after accounting for all expenses (PM, taxes, insurance, CapEx, etc.). That's a solid foundation for long-term investing.

Market Considerations for Cash Flow:

• Affordable Entry Price – Lower purchase prices relative to rents
• Strong Rent-to-Price Ratios (1% Rule or Close to It) – The closer a property gets to the 1% rule (monthly rent = 1% of purchase price), the better the chance for solid cash flow.
• Stable or Growing Economy – Look for areas with job growth, population stability, and diversified employment.
• Landlord-Friendly Laws – Avoid overly tenant-friendly states or cities with restrictive eviction processes.

Markets to Consider

1. Columbus/Springfield, OH – A great choice! Columbus has strong job growth, a diverse economy, and affordable homes. Springfield offers even cheaper entry prices while still benefiting from Columbus’s economy. The 1% rule is achievable, and property taxes are reasonable.
2. Indianapolis, IN – Strong economy, landlord-friendly laws, and low property taxes make this a top pick for cash flow. It has a steady rental market and relatively affordable prices.
3. Pittsburgh, PA – A strong rental market with stable job growth. While property taxes can be higher, you can still find duplexes and triplexes that cash flow well.
4. Cleveland, OH – Known for affordable homes and strong cash flow, but neighborhood selection is critical. Stick to areas with tenant demand and avoid declining neighborhoods.
5. Kansas City, MO – A growing market with solid rent-to-price ratios. Certain suburbs have great cash flow, and the cost of living is low.
6. Birmingham, AL – A lesser-known market but offers low-cost properties with decent cash flow potential. Low taxes and landlord-friendly laws make it attractive.

Tips for Finding a Cash-Flowing Property

• Run Your Numbers – Use the BiggerPockets Rental Property Calculator to stress test your deal.
• Check Local Taxes & Insurance – Property taxes can kill cash flow in some markets (e.g., Texas vs. Alabama).
• Look for Off-Market Deals – MLS deals might be tight, but wholesalers and direct mail marketing can open up opportunities.
• Consider Small Multifamily – Duplexes and triplexes tend to cash flow better than single-family homes.

Final Thoughts

Columbus/Springfield, OH is a strong market, but also consider Indy, KC, or even Pittsburgh. Do your due diligence, network with local investors, and analyze multiple deals before making a move.