If you insist on doing your production out of state just about in any major city in the southern states like Dallas is where you want to be.

Ideally I would like to invest in the area I live, the city of Philadelphia Or anywhere in the Tri-State area (PA,NJ,DE).

Monthly income (only rents) - 8500 (the listing seems to indicate only a single unit is currently occupied, and at below-market rate).Monthly expenses:property taxes: 1500 assuming this will be 1.2% of the deal value of 1.5M. current assessment is ~330k - https://www.sccassessor.org/index.php/all-situs-se...management: 850. thats 10% of rent, not taking into account placement feesvacancies: 425. this is assuming a 5% vacancy rate (may even be lower, market is hot) but doesnt take mgmt company placement fees.water & sewer: ~415. thats according to city sewer rates and avg water bill. no details in the listing. listing says this is not metered per-tenant.insurance: 375. zillow estimate.

Joshua Hawley , welcome to BP.I’m in L.A too and an L.A native that has lived all over the city currently in the SFV.

https://www.cbsnews.com/media/americas-top-10-tech-cities-arent-on-the-coasts/4/Phoenix - #3 Market for Tech Job GrowthOne-year tech job growth: 188 percentMedian early career pay: $58,400Median midcareer pay: $96,800I'm friends with the CEO of a major start-up firm out here and all he talks about is the tech growth in downtown Phoenix.

Silicone valley obviously increased a lot already in last 5 years, and it should be one of the most expensive city in among the US.

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.