Emerging Markets for SFR purchases?

[Jeff Trevarthen]

Hello BP,

I'm looking for emerging markets for single family homes which can be purchased for $100,000 or less.   The properties should cash flow (even just a little) when purchased with 20% down.  The locations should be in and around major cities with the potential for economic growth in the next 3-5 years which will push up values. 

I've identified a couple in the mid-west part of the US and wanted to ask the BP community for your advice?  Where should I be looking and where are you looking?  Why are you looking in the markets that you recommend?

Thanks in advance for any and all feedback,

Jeff