New Investors advice: Dallas/ Rochester/ Houston ?

[Ethan Li]

Hello BP community! I'm a new investor based in the San Francisco Bay Area. I'm planning to buy and hold 2-3 out-of-state properties next year for long term investment and would appreciate some professional advice. Currently, I'm considering Dallas, Houston, Rochester, and Sacramento.

1. Dallas and Sacramento might offer better appreciation potential, but there's a risk of negative cash flow. I need to thoroughly evaluate deals, especially with property management and current interest rates.

2. Rochester shows strong cash flow, especially for multi-family properties, but I'm concerned about rehab costs and minimal appreciation, questioning if it's a suitable starting point for a beginner.

3. Houston falls in between, offering relatively easier access to cash flow deals compared to Dallas and some appreciation potential. But I personally believe Dallas may show better economic growth these years 

Which area do you think is more beginner-friendly for remote investing? Any other areas you recommend? Thanks for all your help and happy holidays!