We manage several hundred rental properties throughout the San Diego market and I found your post very interesting. 

Look up Milwaukee real estate market on YouTube.  

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

I've also loved learning about the other 10 markets we operate in.I have two big goals.

It's tough to swallow, but if it's not renting, it's likely as simple as the market won't bear the price you're asking.

The real power of single family residential comes with stable, consistent markets that chug along, have good rental base/demand and growth potential. 

Hi @Konstantinos Lembesis When Settling on a market develop some metrics that you can not only measure the market you are interested in but others that you havn't considered yet. 

Anybody done that sort of marketing?

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.

I would always lean towards markets that are landlord-friendly.