Which Ohio City is good for Cash flow relative to Quality

[Toks Akindele]

I am an OOS investor looking at Ohio (for next year) and I have narrowed my opinions to Cincinnati, Dayton and Toledo. If there is another City I should have on my list, let me know. I am interested in properties in the $30K-$70K range for SF and less than $375K for MF. What I am looking for is Cash Flowing properties and if appreciation happens, then that is a bonus (my focus is good cash flow properties). Here are my questions:

1)Which of these 3 cities will cash flow the best relative to Purchase price of property

2)I was told that neighborhood quality in Cincinnati changes block by block which will require more local knowledge than I have...which of these cities has the best broad range/spread of quality neighborhoods (interested in B and C type properties)

3)If you know good Realtors in these cities who are OOS investor friendly, please provide info

4)If you know good Property Managers, please provide info

[Lee Ripma]

@Fawaz Hasnain

So I think you can be successful in any market in RE with the right strategy. My personal strategy for rentals is very specific - buy value-add MF below replacement cost (what it costs for new construction) in areas with growing population in MSAs with populations greater than 150k within 50 miles of a major airport. Pretty darn specific right? So the markets you mentioned don't work for MY strategy. Doesn't mean they don't work for YOUR strategy. Indianapolis just doesn't have the growth. I really want to buy in areas that are growing. Lots of people want cash flow and think cash flow comes first. Well cash flow isn't much of a return driver so I'm more focused on forcing appreciation in growing areas. If you listen to my podcast I talk about how cash flow is more of a hedge and isn't much of contributor to overall ROI. Different strokes for different folks but watch out for the cash flow kool-aid!