Too much competition.Get a list from the city or county of housing court violations and youwill find highly motivated owners.

@Ali Boone Cheers - not sure of my budget just yet; I'm used to having done traditional lending through banks and don't have much experience cash-out refinancing yet, but currently reading up on all that stuff and exploring options.I'm actually from Charlotte originally so I would feel a little more comfortable investing in the city....I think for OOS I would prefer something more turnkey at first unless I was very confident that I had good contacts (contractor) "on the ground."

I'm new investor from los angeles ca (alhambra) in need to start my first deal on a multifamily home, but it seams very hard to find any cash flow propertys. specially when i only have a 3.5 % down on a first time buying program, where can i find the right city to start some cash flow from day 1. i need some help and advice thank you.

Thinking about starting with Georgia, but open to any other state with cities that have price-to-rent ratios of 20% or higher, turnkey median home price ~$225k, and where the pre-licensing real estate courses are available online. 

It really is a beautiful spot overlooking the bay and city. 

I've lived in this city since I was born, know the area well and have numerous connections, so I feel like I'm set up to start off as well as anyone else would be.At the end of the day, I also realize I'm not stuck at the first brokerage I choose and could always switch if one place is not working out as expected.

You may want to explore some incentives offered by cities/counties and even lenders when dealing with this type of project. 

Best real estate meetup I've been to in the city is the one ran by Nick Tang, here's the link to the meetup:https://www.meetup.com/New-York-Real-Estate-Invest...

Are there risks that I should consider that wouldn't be a factor in the twin cities?

I started in Milwaukee after my company has reloacted me here from Austria and I was looking for an alternative to Wallstreet and 401k - so it was not my choice and at the time (fresh of the boat) I would have preferred a more exciting city like NY or LA.