Best Markets For BRRRR

[Sean Dawson]

Hey all, here is another one for you. First off, I am a total newb to the real estate game, but have been doing a lot of research over the past year including reading both of Daniel Green's books, (which are awesome) and am ready to start the process of analyzing properties and various markets. I live in California, so I obviously need to go out of state. 

Any insights as to what markets I should be looking at? I have about 100k to invest in cash and another 350k in hard money that I have access to. I was looking for a market with a low initial investment cost, landlord friendly laws regarding evictions and other matters, and one that leans more on the cash flow side of the equation than appreciation, but that is not as important as finding a low risk market if there is such a thing. I am looking for the 1% rule if not better much like we all are I presume. The goal is to have as many cash flowing doors in as little time as possible. I know, isn't that everyone's goal? Are there any other factors when looking for a market that I should be considering? Memphis seems intriguing. Does anyone have an opinions here on the Memphis area?

Feel free to message me directly as well if you don't want to blow up your market by posting in this forum. Any help and guidance would be greatly appreciated!!