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Updated over 7 years ago,
Starting an rental property search
Hi BiggerPockets community
I live in Bay Area and don't own a house. Given my current accumulated down payment (meager) and high prices here, I am instead thinking of buying cheaper houses somewhere else and use the rental income to live in a rental property in my current location. Where do I start this search?
With my very basic research in last week, i see that Detroit, MI is a high Rent:Price market. I am also interested in Austin area, as this is a place where I might actually want to relocate in future due to its blooming tech scene. Also, both of above cities show a good chance of value appreciation.
Other than that, i don't know what steps should I do to remotely buy and operate a rental property.
Anyone who has done similar and/or planning to do the same, would you mind sharing your research?
Regards
Nawab