Looking for a stable rental market

[Rob Burns]

Hey everyone, 

I'm starting to do some research on other rental markets since the prices have gone through the roof here in Florida once again.  (I'm not paying $120k a unit for $850 rent in a Class C neighborhood)  If we have learned anything from '08 is that the sand states (Fl, NV,AZ,CA) are the first to rise and first to fall. 

I'm looking for a stable blue collar rental market with low taxes and landlord favorable laws. I'm seeing a lot of buzz about the rust belt but am not sure what the actual market is like locally or if the boom is temporary, also I'm open to exploring other affordable metros.  I typically like 2-4 units buildings with rents in the 700-950 range and per unit price of $30-50k. Stable workforce, and population stability (no NY, Il, or CA)

Let me know if you have any ideas or have done any research.

Thanks in advance!

[Gabrielle Martin]

I've found good deals Cleveland. For example, I purchased a 4-Plex for 69K and it nets about $1200/month. No rehab needed.