You've got great income and money to invest, but you look at the prices immediately around you and say WTF, and would rather invest somewhere within driving distance than some hyped up market states away you know nothing about.Your best bets are either going to be Stockton or Sacramento, and for reasons I'll let you discover in these other two threads:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushhttps://www.biggerpockets.com/forums/627/topics/424510-how-to-invest-in-stockton-ca---a-detailed-overviewI would definitely recommend 2-4 units over single family residential, and ESPECIALLY over condos, as the HOA controls your rental, not you.

@Nawab I.If you're looking to learn more about the Sacramento market, I suggest starting with these two posts here:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushhttps://www.biggerpockets.com/forums/621/topics/444774-sacramento-neighborhood-map-and-ratings----finallyThat should help you get started and determine if it's the right market for you.

Job growth and high employment are not necessarily the same thing as migration into a city/region could possibly exceed stellar job growth numbers.

Job growth and high employment are not necessarily the same thing as migration into a city/region could possibly exceed stellar job growth numbers.

This is the reason most folks migrate to MF vs SFRS and not the other way around.  

In cold belt states like OH you have more isolated pockets of growth and then lots of dead areas or declining areas where people are migrating away.The baby boomers and retirees are leaving cold belt states in droves.

Naturally in the real estate cycle as the Bay Area becomes more expensive the great migration does happen. 

But if it's predicted that Cities will continue to grow as people move towards cities, then it only follows that other places may have a decrease in their population.Combine a loss of Driver type jobs, Manufacturing jobs, and a migration towards Mega Cities, and I think you get a good picture of which areas seem to be a good place to invest for the future.Combine that with Climate Change, then all of a sudden, Cities that are predicted to be Mega Cities, may have to shift to inland, since most of the Mega Cities are coastal.The point here is that there should be concern on where to invest, if only for Asset protection. 

Net migration (X people as a family unit moving in or out) is more meaningful.

In Seattle, the way to be competitive (and maybe still not even win) is to waive all contingencies (financing, inspection) and don't worry about the appraisal if and only if you know the neighborhood and market very well.It's not as crazy as it sounds and here is why:- Lot of job growth (think Amazon, tech, CA companies migrating north for engineering talent, etc.).- Low cost of living relative to CA- Chinese money (in particular) looking for safe haven in areas with a) good schools and b) environmentally clean and aware (it's all about the kids!)