Hi All - my partner and I own and self manage 26 units in Fall River, MA.

.  :-)As for the specific areas like I said before, Lake Tahoe or pretty much anything south of Squaw Valley is going to perform better but cost more to purchase. 

@Cobi Maimon I am a PM in the Phoenix are and East Valley.

As a general rule of thumb, you can buy three MFRs in Plymouth County for the price of one in JP.For specific towns, look at Plymouth, Brockton (west side), Kingston, Marshfield, Wareham, Taunton, Fall River and New Bedford.The big advantage to these locations as opposed to out of state investing is that you can always drive to them and check on condition and whether contracted work is being done properly. 

If you live in Orange County you look to Riverside to invest, if you live in Riverside you look to Apple Valley, if you live in Apple Valley you look to Bakersfield or Texas or Ohio. 

River Road #245 (Upstairs Conference Room)

We should focus on the rentals with future value & close to the beach ... on Willoughby Acres , Regent Park, Palm River, Imperial G.

It's not in a bad spot... close to a grocery store in the back of a suburb a little ways away from a clean river, fairly scenic area. 

My market is the Lehigh valley area of Pennsylvania, Poconos, and northern jersey.

@Ryan Wamsat If you'll PM the address, I'll look at the home, history, area, rents, etc and see if it passes the smell test.From the numbers, I'd guess that you're looking in either the South Coast (Fall River / New Bedford) or well west of I-495.