New Guy From Los Angeles

[Chris Reece]

Wow! This site is fantastic. For an information addict like myself this ought to provide lots of fixes! My name is Chris and I'm from Los Angeles, CA and I'm looking for all the help I can get.

Currently I have a few rental properties in Memphis, TN that I've purchased from "turnkey" companies. I was thrilled with the results in 2011.....2012, not so much. I have a very busy job that I love so I'm not looking to get into real estate full time but I end up with $50k - $80k extra in cash each year that I need to do something productive with and real estate is where I'd like it to be. I'm looking for all ideas on the best way to invest this cash for a decent cashflow that causes me as few headaches as possible. The forum posts on Memphis aren't too positive and reflect my current situation. I'm not completely against Memphis at this time but definitely looking for other ideas.

Thanks guys!