First time investor picking a market...

[Tim B.]

We are first time investors who having read the books, forums, and listened to the podcasts, are getting close to taking action. We’ve decided that a turnkey rental is likely the best way for us to get our feet wet in rental investments, we don’t have a ton of free time for management, and live in an area where buying a rental property is out of reach ( San Jose, CA ), as such we’re looking out of state. Areas we’ve started to hone in on are Memphis, Houston, and Dallas. We’ve read a lot about these markets here on the forum but I’m wondering if people here have up to date opinions on these markets? Thanks in advance for any responses, these forums have already been invaluable to us!

[Dean Letfus]

Memphis is tougher than the other 2. But also the cheapest so depends on your $.  In Memphis you need great property management for any asset to perform.