What are great Midwest Markets for my first Rental?
Hello,
I'm looking to buy my first 2 rental houses buy the end of 2019. I currently live in Sacramento, CA and have about $200 of Equity in my current home to pull from. I'm looking at buying a 3/1 or 3/2 Single Family Home at about the 40-60K range. My primary goal is positive cashflow, and I'm not as concerned with appreciation. I'm starting my research and due diligence into what markets are good. I'm looking at property prices, eviction laws, property taxes, construction costs, job markets, and average rent. I'll like to start buying properties in a general area until I build up around 10. I travel to the East Coast 3-4 times a year for work, so I can spend a day or two visiting my properties each year and my plan is to walk the properties with a property manager. I currently am brand new at RE Investing, and have no team in place. Eager for feedback and ideas!
Thank you!
Nick