Landlord and owner friendly markets

[Account Closed]

I have 2 questions regarding rental markets,

1) Was wondering if you guys would provide some feedback regarding the markets that are best from a landlord and owner's perspective? In other words, states that have landlord and owner-friendly laws. 

2) Which markets have the best ROI as of right now as well as properties (SFR, condos, townhouses) that are still considered reasonably priced? I'd like to use an available $400,000 in cash and diversify into multiple properties that have a very good cash on cash return, but living in Orange County doesn't help and even if I could, the purchase to rent ratio is just horrendous. I've done as much research as I could on my end and from what I see, correct me if I'm wrong, cities like Houston, Atlanta, Cincinnati, and Baltimore all seem to be very good options with the exception of Houston's higher property taxes.

As always, thank you in advance for your answers and feedback.

[Yvonne Dupree]

1. Baltimore is the 4th largest “commuter shed” in the country. Over 900,000 people commute into Baltimore every day from Baltimore area suburbs. And over 200,000 people every day commute in Baltimore from Washington, DC and Virginia.
2. Baltimore ranks #18 in the top 25 rental markets in the entire nation. However Baltimore is the only city in the top 25 markets where the rental rate of return is over 20%
3. Baltimore has one of the most stable economies in the United States, median household income averages $70,000 which ranks #4 in the U.S.
4. Baltimore’s millenial population has grown 16% in the last 5 years
5. Baltimore has over 1,000 miles of natural shoreline making it one of the most beautiful places to live
6. Baltimore gets over 2,000 hours of sunshine a year, rivalling Florida as the “sunshine state”
7. Over 2.7 million people reside in the region making it the 20th largest metro in the country
8. High opportunity and relatively low home prices make Baltimore one of the hottest Real Estate markets in the nation

Hope this helps you Zaki.

Yvonne Dupree