Best cities/areas in Texas and Florida for rental properties as a first-time investor

[Klejdi Banka]

Hi all, 

I am ready to invest in my first out-of-state rental property and after some research I am leaning towards focusing more on the Texas and Florida markets. There are several reasons for that including but not limited to, landlord friendliness, lower prices, population growth projection, positive job growth rates, lower crime rates, 1% rule, to name a few. There are specific cities/areas that seem more promising than others (such as Orlando, Jacksonville in FL, and Midland/Odessa, College Station in TX) but I'm finding it hard to pick one market to then resume my search for the right neighborhood and specific property. I'm open to hear thoughts and opinions on best markets in those 2 states (or any other promising markets based on the criteria I outlined above) that I should focus on as a first-time investor. Thank you in advance for your time! 

[Klejdi Banka]

Quote from @Gregory Schwartz:

@Klejdi Banka College Station has a lot to offer with a solid economy backed by Texas A&M, the largest university in the US (https://en.wikipedia.org/wiki/List_of_United_States_public_u...)

But similar to @Shawn McCormick comment about Orlando, we dont see 1% deals very often. When we do you have to work for them, usually meaning value add rentals or finding off market deals. Most of my rental properties that were purchased on the MLS cashflow around year 3 or so.

I invest in College Station because the vacancy rates are very low, the population growth is strong and consistent over the last 20+ years and the economy is backed by a huge state funded school. 

If you want to know more just DM me. 

 Hi Gregory, and thanks for your post. Sent you a DM