Out of state Investing - suggestions!

[Brian Koralewski]

Hello BP community:

I posted a question regarding a 1031 exchange a few days ago and received invaluable feedback.

I am based in New York (city and Long Island area) but am looking to invest out-of-state.  I have been looking at cities across the US and would be most open to suggestions as to where the housing is inexpensive (compared to NY, that's everywhere else almost) and the neighborhood is vibrant.  I've started my search in Charlotte, NC and Boynton Beach, FL, more or less on a whim, and have found some potential deals.  Due diligence is still required however, and in the meantime I would like to search other US cities/neighborhoods - your suggestions/feedback would be very much welcomed!  

What I am looking for:

Condos/Coops/SFHs/Townhouses that would yield at least $600+ in net, monthly cash flow - ideally I would hire a "turn-key" company who would run the prop. management of these units.  I plan to purchase each potential unit in cash, and resell within 1-2 years.   

I have about 100-250K in liquid funds to work with as of now and am looking to purchase 1-3 units depending on price and projected net cash flow, as well as neighborhood projections.    

Thank you for your time and help in advance.   Looking forward! 

-Brian from NY