for long term rentals in non appreciating areas or areas of historic non appreciation I get it.I sold one of my homes in Palo Alto because I did not want 200 a month negative cash flow.. probably the worse mistake of my career.. that house just sold for 3 million and I paid 185k for it  there has been about 100k in upgrades though.and it would have within two years been even cash flow and if I held to today it would have been cashflowing 2 to 3k positive a month on top of all the equity.. but I just could not see in 1991 that the house could get more than the 500k I a was selling it for so I made a nice lick then.. and maybe that money over the years made me the 2.7 mil I left on the table.. but you know califorina.. hard to bet against..

Personally, I like Indianapolis, Kansas City and the Quad Cities (specifically Davenport, IA) Feel free to reach out and I'll be happy to share some insight on these markets and why we chose them. 

Louis, MO-IL MSA Charlotte-Concord-Gastonia, NC-SC MSA Orlando-Kissimmee-Sanford, FL MSA San Antonio-New Braunfels, TX MSA Portland-Vancouver-Hillsboro, OR-WA MSA Pittsburgh, PA MSA Sacramento–Roseville–Arden-Arcade, CA MSA Las Vegas-Henderson-Paradise, NV MSA Cincinnati, OH-KY-IN MSA Kansas City, MO-KS MSA Austin-Round Rock, TX MSA Columbus, OH MSA Cleveland-Elyria, OH MSA Indianapolis-Carmel-Anderson, IN MSA San Jose-Sunnyvale-Santa Clara, CA MSA Nashville-Davidson–Murfreesboro–Franklin, TN MSA Virginia Beach-Norfolk-Newport News, VA-NC MSA Providence-Warwick, RI-MA MSA Milwaukee-Waukesha-West Allis, WI MSA Jacksonville, FL MSA Oklahoma City, OK MSA Memphis, TN-MS-AR MSA Raleigh-Cary, NC MSA Richmond, VA MSA Louisville–Jefferson County, KY-IN MSA New Orleans-Metairie, LA MSA Hartford-West Hartford-East Hartford, CT MSA Salt Lake City, UT MSA Birmingham-Hoover, AL MSA Buffalo-Cheektowaga-Niagara Falls, NY MSA Rochester, NY MSA Grand Rapids-Wyoming, MI MSA Tucson, AZ MSA Tulsa, OK MSA Fresno, CA MSA Urban Honolulu, HI MSA Bridgeport-Stamford-Norwalk, CT MSA Worcester, MA-CT MSAOmaha-Council Bluffs, NE-IA MSA Albuquerque, NM MSA Greenville-Anderson-Mauldin, SC MSA Bakersfield, CA MSA Albany-Schenectady-Troy, NY MSA Knoxville, TN MSA McAllen-Edinburg-Mission, TX MSA New Haven-Milford, CT MSA Oxnard-Thousand Oaks-Ventura, CA MSA El Paso, TX MSA Allentown-Bethlehem-Easton, PA-NJ MSA Baton Rouge, LA MSA Columbia, SC MSA North Port-Sarasota-Bradenton, FL MSA Dayton, OH MSA Charleston-North Charleston, SC MSA Greensboro-High Point, NC MSA Stockton-Lodi, CA MSA Cape Coral-Fort Myers, FL MSA Little Rock-North Little Rock-Conway, AR MSA Colorado Springs, CO MSA Boise City, ID MSA Akron, OH MSA Lakeland-Winter Haven, FL MSA Winston-Salem, NC MSA Ogden-Clearfield, UT MSA Syracuse, NY MSA Madison, WI MSA Deltona-Daytona Beach-Ormond Beach, FL MSA Des Moines-West Des Moines, IA MSA Wichita, KS MSA Springfield, MA MSA Provo-Orem, UT MSA Toledo, OH MSA Augusta-Richmond County, GA-SC MSA Palm Bay-Melbourne-Titusville, FL MSA Jackson, MS MSA Harrisburg-Carlisle, PA MSA Durham-Chapel Hill, NC MSA Spokane-Spokane Valley, WA MSA Chattanooga, TN-GA MSA Scranton–Wilkes-Barre–Hazleton, PA MSA

And, I don't think they spent too much time on properties other than single family.From what I can tell, Derrick and I (as well as James Martin and maybe @Stephen Akindona) frequently go under $750 and are very willing to do small multifamily properties as well, which usually have rents in the $400-600 range.Plus, the turnkey vs. the turnkey alternative separates us a bit.Lastly, I'm not totally sure, but I think several of the guys above only manage property that they turnkey while others of us serve in a more traditional property management role (ie, taking on clients who have built or inherited their own portfolio).There's a chance I've messed up on someone above.  

Doesn't matter if you have 5k or 40k or 100k, if you were always able to get financing all of the time on your investment properties then you'll be a rich man! A

No way is anyone trying to he man a cast iron stack.

Trust me its a complete different thing here.Wouldnt go back anytime soon, specially that jersey ia not cheaper than Los Angeles...Would suggest to stay here:)

I, as well as most of BP, view this as the best of both worlds; Building your own equity while also starting out with investment management.

Looking for DSCR loan in Iowa - @Vinnie Da silva can you hook me up? 

I have sold an investment property in West Des Moines, IA (TH) and made an offer on a 15+ years SFH (first investment) in Charlotte.