Higher demand areas have higher demand for a reason - people want to live there, and that tends to put pressure on prices rising as compared to rents and therefore, typically results in lower cashflow.That said, some of the areas mentioned in the previous posts are interesting, for different reasons.

But, if you love being sold constantly, then being high pressured into EVERYTHING. 

But I would start with something either turnkey or light value-add, so you can start forming your boots on the ground team with less pressure and risk.

SF detached in Raleigh HOA, we've owned 15+ years with minimal HOA issues, the occasional "needs pressure washing." 

In addition to this pressure to get it right at each step, you have pressure to do it quickly.

I'd recommend building your team out before you start looking for a deal to avoid scrambling and putting unnecessary pressure on yourself.

But, it would put additional pressure on finding a good team to help oversee everything.Atlanta is a hot market, but it is also very competitive.

It increases cost and creates time pressure that he would not have from a straight sale.

There is a lack of new building and with the Tesla semi-truck factory opening next year the pressure on the housing market is only going to increase.

A lot of buyers in the past couple years purchased with the intent to rent their homes on a short-term basis (Airbnb) which caused prices to shoot up and for one reason or another, a lot of these buyers are deciding to cash out which is creating a large inventory of homes in residential neighborhoods and putting downside pressure on home prices.We are definitely seeing home prices in residential neighborhoods coming down a lot and with the high level of inventory, there seems to be more room to come down.Home prices on acreage in the more affluent parts of Joshua Tree and Yucca Valley (south of the 62 Highway) are slower to come down.