Where should i buy my first cheap rental property?

[Jean Pierre]

Hi there, my name is Jean-Pierre and I am interested in buying a couple rental properties in Maryland (or other states). I am hoping to spend around $30,000. Does anyone have any suggestions of where to look? From the research I have done it seems like some parts of baltimore and dundalk would be within my budget, but not sure of what parts of dundalk and bmore to look. Any advice  is appreciated! Thank you in advance.

[Ned Carey]

@Jean Pierre now that the market has climbed since the 2008 crash, there are not many markets that are under $50K properties that are not high risk areas. ($50k meaning all in price after repairs).  Yes individual deals exist in all areas, but to say an area like Belair Edison meets that criteria just Doesn't happen today. 

I was at the BWI Meetup tonight and and two things were said in that regard. 

1. Many landlords are selling everything in Baltimore city because of the crime and other problems
2. The speaker, Brooke Kane, who is a lender said he sees many new landlords buying that have unrealistic expectations. He thinks you will be able to buy these properties in about 2 years. 

Both of these points say that there will be buying opportunities, now and in the future.