Without relying on hard data, it would be in midwestern rust belt cities, that have a surplus of real estate. 

Once you get a few deals under your belt, you have some evidence and a proof of concept, or a disproven theory. 

Finding a partner could be a great way to get your 1st deal under your belt. 

If I had another $35 to work with right off the bat (my investment in the property that I'm currently renovating) and 6 months of success under my belt, I would plan on deploying my funds again as soon as possible.

In addition, funds generally have longer hold periods, so these investments will not likely provide meteoric returns like some of the single asset deals I moved on to next.Diversifying Through Multiple Operators and MarketsWith a little bit of confidence and a couple of monthly/quarterly disbursements under my belt, I started to leverage my new due diligence skills.

Even now after 25 flips and rental property under my belt I still run into issues on occasion. 

Penn), sun-belt (Georgia).

Kevin K, any successes under your belt yet, using a HELOC to start out with??

If possible, I'd encourage you to house hack in your market before rushing off to buy a $120-150k property in the rust belt.

I have just started investing in real estate and I have 1 property under my belt so far.