But southeast and midwest cities (not including Chicago or Miami or most of Florida) are your best bet I agree BRRRR are more challenging than prior to Q2 2022, but I do not agree with your premise as to what market is best. 

I have a list of them that I can share with you.Chicago, without a doubt, has some downsides, but there are also a lot of positives, like the inventory of older multi-family properties and price points at all levels.Investing out-state can be challenging because of the distance and the need for boots on the ground that you can trust 100%.

As others say, out of state investing is challenging.

A supply and demand imbalance drives rents and prices higher.

Tight inventory can definitely be a challenge, but it sounds like you’re taking proactive steps.

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

I just did a quick search of the area and there appears to be an ample supply of properties with an average rent of approximately $1.10/SF.

This speaks volumes about the challenges Buyers are facing when it comes to saving enough cash to purchase a home.It’s a reminder that understanding what Buyers need most is key to creating deals that work for everyone.

Managing rentals when you are nearby can be challenging but out of state is pretty tought.

Laws, taxes, insurance, adventure, new challenge, grow skills, etc.