Possibly looking for new buy and hold market

[Lawrence Ratliff]

Hello Everyone, I hope you are all finding success. I now have a few SFR long term rentals in south Dallas. I have them on 15 year loans, positive cash flow on each one (not much but I am in it for retirement income), so I am loving my current strategy of keeping them forever. I initially paid $88k, and the last one $117k, at this price increase it will tough to get to my goal of 10 houses. As much as I don’t want to I am considering another market. My perfect property is $60-$90k, with 20% down, rent covers mortgage, tax, insurance, and 10% prop mgt, with a minimum rent of $1,000. B- or better property/neighborhood. With that said, any other markets you local experts could recommend that meet my criteria? Thank you in advance.

[Michael Kiley]

I think Cleveland, Ohio is a great place to invest! The 2 SFR rentals I have on the west side of town I purchased for 20k, put 10-15k into them and they rent for $950 & $800. They are both in B- neighborhoods. There are many homes that can be bought in the 60-90k price range. In fact, almost every house I have listed in my profile was purchased in that price range, or less. It's not too difficult to find homes that cash flow here. Reach out to me if I can be of further assistance. Best of luck!