At a crossroad in Austin

[Charles Cogan]

Hey BP Community!

I work in tech here in Austin and bought a property here that I live in as Single Family that has done well since buying 2.5 years ago. 

I'm wanting to buy my second/third property while keeping the property here in Austin and possibly renting it out and I'm not married to any market and can work anywhere. I've heard great things about other parts of Texas, Florida, Tennessee, and North Carolina.

My goal is to maximize cash flow while also allowing room for appreciation, but not to the extent that we have in Austin which destroys cash flow potential. Any ideas?