I'm looking to invest $100,000 in cash toward rental property for a revenue of $3,000 to $4,000 per month. I'm not interested in appreciation or quality neighborhoods. My primary interest is cash flow. With that being said, I understand that with these figures, chance are it will be in the ghetto. I've searched Las Vegas and missed the boat about 4 years too late. I'm currently jumping on a flight to St. Louis Missouri where I'm seeing multifamily units within that price range, however, I saw sweeter deals just a year ago. I'm getting the feeling that a lot of cream of the crop has been bought up. If I don't make a purchase in STL, my next stop is Atlanta, Georgia or Ohio. I'm looking for some insight if any of you have or are currently investing in one or more of these locations and what recommendations you may have. Do you know of another state or major city that's producing these figures? This will be my first rodeo in rental property investment. I appreciate the insight.
