Arizona & Nevada Buy and Hold

[Sean Autry]

Hi All- Newbie investor here trying to get started w/ a buy and hold strategy.  My goal is to build a cash flow portfolio.  I live in So Cal, so it's likely that I'll have to go out of state to achieve my goals.  However, I'd like to at least stay w/in a days drive from So. Cal.

I'm pre-qualified for $250k.  Here are my questions:

• How attainable is a 10+% cap in Phoenix/Las Vegas and surrounding areas? (Assuming a C+ neighborhood at worst)
• Can anyone recommend an investor savvy broker in either of those areas?
• Are there other markets w/in this radius I should consider?
• Is a 10% management fee estimate reasonable? (out of state, so I'll have to outsource management)
• If the 10% cap benchmark I've set is not realistic w/in a day's drive from So Cal, what is?

Again, this will be my first investment property, so forgive me if these are rookie or uninformed questions.  Any input is appreciated.  Thank you.