Anything on the west side of Downtown is already very pricy and won't cashflow so you're most likely going to look at the East and SouthEast side.

The exception to this rule would be if you are planning to do a short term rental, in which case you should approach renovations with an entirely different philosophy.I run a meetup in downtown Matthews called South East Charlotte Real Estate Investors and would love to have you there - our next meetup is April 1st at Beer Temple in downtown Matthews.

There are a decent number of 2br townhomes on that southeast part of town.

I have a ton in south east inner loop. 

Educate yourself on a certain area (I invest primarily in Ohio and the Southeast) and then get started!

But what we are seeing in the southeast is that prices have risen to the point where buying single-family rentals for cash flow doesn't often pencil out unless you have gotten a significant off-market deal.  

i have no idea, i don't know anything about you and couldn't possibly advise you on this.should you move to the southeast?  

We strategically focus our multifamily investments in the Southeast region of the US for two key reasons:Lower Costs - Properties are less expensive to acquire in the Southeast than in other parts of the country.

However I would prefer to stick to south and south east states for a warmer climate in the winter months.  

There are some areas in the Midwest and Southeast that fit this criteria.