Rental property in Bay Area or outside CA
Howdy BP folks
First time investor, I am looking for a rental SFH/townhomes for mid/long term buy & hold with decent appreciation and cash flow.
Preference is to Silicon valley where i live, but considering over heated market here, think investing nearby may not be possible for my budget (about $450K)
However there are few areas like Richmond, Stockton/Tracy in this price point, but not much upsides there. Further east Sacramento, Reno is not cheap either.
Searching for options outside CA (via roofstock)
Atlanta - Up & coming, tech presence & University
Jacksonville/Orlando - good inflow of millennials, vacation crowd
Dallas/San Antonio/Houston - up & coming, tech presence, but high property rates.
I need inputs on few points.
1. Inside or Outside Silicon valley? And Selection of places
2. Remote property managers. Trust and can I breakeven/profit from the setup? (Roofstock has some help here)
3. Am i better of investing through realtyshares/fundrise or even S&P? My plan to leverage on lower mortgage rates.
Please share your thoughts.