New to investing, no more flipping
Hi BP Community!
I'm a CA resident looking to purchase my first out-of-state duplex for a long-term rental investment.
Here are my criteria:
• Purchase Price: Maximum $250k
• Capital Available: $80k (intended for down payment and closing costs)
• Strategy: Looking for a solid, functional cash-flow property —nothing flashy or distressed. Since I am unfamiliar with markets outside of California, I’ve been looking into the Midwest and parts of the South based on general cash-flow trends. Which specific cities/submarkets would you recommend for this budget where I can realistically find stable inventory and solid property management? I’d love to connect with anyone investing in these areas!