So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

I'll figure that out after I pick a strategy.

@Jason Weidmannit's only solid if:1) you pick a market that you can go to in person and build a team first, and 2) you recognize that RE is a long-term investment, and you may have to wait 5-10 years, or longer, before seeing ANY return. 

I picked up my first syndication using their methodology.

Hopefully we can pick each others brain and I know we will crush it in the Real Estate industry!

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

@Abhishek Wahi how did you pick Plymouth, MI to look at?

The book on rental property investing : Brandon Turner I picked up The Book on Rental Property Investing!

Yes, I’ve got a mortgage on it now, but my cash flow went from only $1000/month to $2400/month and I picked up 3 more properties basically for free with no out of pocket cash to buy them.