Prices are a bit high per/sf compared to Phoenix, but you can get in a starter home for around 210-220 in Prescott.

For starters, you mention "good deals" but how do you know a good deal from a mediocre deal?  

There is a book I'd like to recommend:"Real Estate Investors - Clients for Life by Fred Tichauer"This is the Starter book I used, coupled with the CIAS certification I'm pursuing, to get really into the Investor-Agent game and I'd recommend this path to anyone else interested in being an Investor-Agent.

David Greene's book on Long Distance Real Estate Investing is an excellent resource for starters.

I also handled all the bookkeeping/bill pays so the partner had a 100% hands-off turnkey investment experience.Wholesaling is a great starter strategy as many have suggested to you, but you can buy and hold by using partners or private financing to do deals.

There is a huge demand for starter homes driving all prices up, except for the million dollar homes that have sat on the market for the last 6 years.The ones who bought prior to 2016 have even more money now to invest.

It's a starter property in NNN for suburban area.

@Jorge Ruiz for starters, you have any friends and family that live in cheaper areas?  

@John CollinsThe occupancy rate in Austin is ~95% so your good in most areas :) I advise all my clients to stick with starter homes for rentals if they prefer SFH as those are the easiest to rent.

I am a self starter & I take initiative.