@Kinnari Pandya depends on what types of properties and corresponding tenants you want to deal with.The Midwest offers lots of affordable opportunities that can cashflow well.

Thank you Ryan and Theresa for taking time to respond and offer advice; very much appreciated!!!!

You had asked and Bruce was simply offering his opinion. 

With the ability to leverage your investment with as little as 10% down, Binghamton offers opportunities in both small multi-family and single-family properties.Moreover, I have a dedicated team ready to assist you every step of the way, including property managers, attorneys, loan officers, and more.

I value what you are offering; but I'm not prepared to pay $2000+$250/mth right now and go through this again. 

Here’s a detailed breakdown of these two types of markets and the factors that contribute to each:Cash Flow Market, a cash flow market is one where rental income exceeds the expenses of owning the property (mortgage, taxes, insurance, maintenance, and property management), resulting in positive monthly cash flow for the investor.Key Characteristics:High Rental Yields: Properties typically have high rental yields compared to their purchase prices.Stable or Slow Appreciation: Property values increase slowly over time, if at all.Lower Property Prices: Generally, property prices are lower, making it easier to achieve positive cash flow.Higher Rental Demand: Strong demand for rentals due to economic factors, demographics, or local employment conditions.Factors Contributing to Cash Flow Markets:Economic Stability: Stable job markets and steady local economies that support rental demand.Rental Market: High percentage of renters compared to homeowners.Affordability: Affordable property prices relative to rental income.Local Policies: Landlord-friendly laws and regulations.Appreciation Market, an appreciation market is one where property values increase significantly over time, offering substantial capital gains upon sale, but rental yields may be lower, resulting in lower monthly cash flow.Key Characteristics:High Property Value Growth: Significant annual increases in property values.Lower Rental Yields: Rental income may not cover the monthly expenses, leading to lower or even negative cash flow.Higher Property Prices: Generally higher property prices, which can make it harder to achieve positive cash flow.Strong Economic Growth: Rapid economic growth, population influx, and development.Factors Contributing to Appreciation Markets:Economic Boom: Strong local economy with job growth and high-paying industries.Population Growth: Influx of people moving to the area, increasing demand for housing.Infrastructure Development: Significant investments in infrastructure, amenities, and services.Desirability: High quality of life, good schools, and attractive neighborhoods.I hope this information finds you well. 

You can include a marketing clause in the purchase and sale agreement that will give you the rights to promote the property, which is the right way to do it.Unfortunately, memorandums are a necessary tool for our business because we usually work with very distressed property owners who might go for a higher offer even after executing an agreement.

Make them use their renters insurance or evict for failing to upkeep the unit and lease agreement.

Many lenders offer flexible financing terms for investors.Do you have any properties in mind?

Starting in real estate at a young age can be an exciting journey, offering both challenges and opportunities.