What states or Cities should I consider

[Daniel Adebanjo]

Hi Everyone, 

I am a Canadian real estate investor who is looking to diversify by buying a few CF producing assets in the US. 
what states or cities should I look into buying first to get my feet in the water. Not looking to spend a lot to start probably $50k ( Downpayment) . My end goal is to have rental, mid term and short term rentals in the US. 
Your advice would be greatly appreciated. 
thanks 

[Jeff Schemmel]

@Daniel Adebanjo First, if you haven't learned about FIRPTA, you should take a look at that.  Second, 50k down payment for a non owner-occupant is going to narrow your criteria down quite a bit.  The midwest is a good place to start, but most non owner-occupant loans require 25% down.  It's possible to get a 4/2 single family on the east side of saint paul for that, but that's more likely to be a long-term rental play or inclusive of a strategy that includes some kind of rental assistance model.  occasionally, you can find something in the west side or w 7th area of saint paul matching that criteria, but almost everything here in the twin cities is going to need some extra capital improvements to be rent-ready at 200k.

hope this helps, always happy to chat or extend my network.