Best cities for long distance real estate?

[Rachel Cutler]

I am reading David's Long Distance real estate book, watching webinars, listening to podcasts, etc. and am open to investing ANYWHERE with about $20K cash. I want to start analyzing properties, but I don't know where to start looking.  So my question is how do I pare down the search...there are too many options!  What steps should I be following next?

[Curt Davis]

With about $20k you can afford to buy a $70,000 property to account for the down payment and closing cost.  There are several markets where you can find good rentals: Memphis, Kansas City, Cleveland, Birmingham, and others.

If you are looking for turnkey you might research the operators in those markets. If you are looking to hire a Realtor, get with one of the BP Premium listed realtors for those markets. BP has a list of them as a realtor with knowledge of the rental market will be important.

Good luck!