You mostly hear about Self Storage and the 1 to 3 mile radius.We are on the East side of a 1mm metro city area.

At a 500-700k budget, I'd look at a 2-4 unit property in places like East Nashville, Colorado Springs, Raleigh-Durham, Richmond, VA, maybe Salt Lake City (though that budget might not cut it there).

-East NashvilleA fantastic market overall for just about anything. 

@Erick HenningsHouston's emerging neighborhoods include East End, Third Ward, Heights, Spring Branch, Independence Heights, Alief, Cypress, Pearland, Richmond/Rosenberg, and Conroe/Woodlands.

@Tyler DavisWell....there is a lot happening in Nashville at the moment.The biggest talking point for the better half of the year has been the new Titans stadium and the East bank.

Hi everyone,I live on the east side of Seattle, where almost no cash flow can be found.

Any property you get into, though, you should plan to have a good capital reserve account to address the problems that will inevitably come up.If you're looking for properties that have stronger cashflow, I would look toward the South East of the USA. 

Look at Asia. 

That means the same kind of financing that you will find for an STR in East Tennessee will be a far cry from what you would find in Costa Rica. 

Why not buy new construction in the south east or mid west, and pay 100% cash (since you can still buy houses for 200-300K that are brand new in these areas)?