Once it gets closer I will begin looking for good realtors in the areas.  

I have clients that do that closer to UCR and they’re doing well with it.

I'm looking for closer to 25% profit at the end of the day.  

Hey BiggerPockets community,  Do we have any Real Closers here that can get a Casino Deal Done so we can finally have some jobs and a real economy around here ????   

I live less than fifteen miles from all my rentals, and the majority are closer than five miles away.But that's not what you asked, just a cautionary note.

You're going to want to be closer to the businesses, so if you had the same funds today and you're trying to speculate where the momentum will go, go where the businesses are forming.

As we are almost empty-nesters we are moving to Savannah to grow our portfolio in the warmer weather and closer to the ocean.

If no line of credit is established, I would personally go closer to 6 months.However, if someone would rather purchase rental properties (instead of house hacking) I think it depends on goals.

@Sushree MohantyA bit closer to CA and a market that can give you appreciation and cash flow would be Reno Tahoe Nevada. 

Most multifamily in our market sold for a 5.4% cap rate in 2023, and that would price it closer to $560,000.Other things to consider for your offer: FHA financing requires you to move in within 60 days of closing.