Quote from @Nicholas L.:
@Mike Tashman
OK - a couple reactions - cash flow is extremely difficult right now without a creative strategy. even in lower cost markets.
https://www.biggerpockets.com/forums/12/topics/1171104-the-m...
and - i still think it's better to pick a market that you have a connection to rather than one that meets arbitrary numerical criteria. like - your own market. or a market a couple hours away that you can spend some time in person in. or where you went to college. or where you like to vacation.
@Nicholas L.: Agreed regarding cash flow! What I really should've said is, "properties that approximately break even, making it more practical to hold in the long run." As for my own market and the surrounding areas, I'm in one of those areas where the best I'm going to do is $500 monthly negative cash flow as opposed to $1,000 monthly negative cash flow. Obviously, that makes things a bit difficult.
So, I'm looking further afield at other markets. Hence, I'm looking for research tools and detailed data to help me narrow my search down to one market!
