So.... hello BP from Southeast Kentucky. 

Englewood/Littleton might have a few options or Southeast Denver if you are that way.

So my strategy is to seek tertiary markets of the secondary markets.For secondary markets,I mean the southeast and midwest MSAs (GA,SC,NC,MO,TN),for these MSAs ,the main cities (Atlanta,Charlotte,Charleston and so on) are already hot for investment.So anyone have the experiences on the tertiary markets of these main MSAs ?

Southeast Woodlawn is very rough still.  

In particular, the southeast of COS (known as the "bad" area of COS) boasts a 14% gain last year and a projected 6% gain next year (IF you believe Zillow, anyway), AND southeast property prices are well below Denver, Castle Rock, and the desirable NoCo towns.

(Northwest OH, Southeast MI)Thankyou!

Hi Mary, I grew up in NJ and then moved to Southeast (Ann Arbor area) Michigan in 2015.

I see the turnkey, full reno'd homes sell for top dollar well above asking.There are a decent number of multifamily units in Torrance ... more specifically towards East/Southeast Torrance, like Carson or Lomita... so you'll have to analyze each property to see if you can cash flow them after 20% down.

It does seem that the ARV seems to pie in the sky valuations on a lot of these, but most of the loans so far  are in the southeast.

If your objective is cash flow then you'll want to focus on more affordable markets which you'll usually find in the Midwest and Southeast.