You’ve got some great markets on your list, but I’ll throw in a pitch for Memphis, TN since I work exclusively in this market helping investors build cash-flowing portfolios.Memphis tends to check a lot of the boxes you’re aiming for:Strong rental demand from a diverse job base (logistics, healthcare, manufacturing).Landlord-friendly laws that make it easier for out-of-state owners to operate.A large pool of B- and C-class properties that are newer than what you often find in Midwest markets like Indy or Columbus.Solid cash flow with potential for appreciation in certain zip codes seeing growth and redevelopment.If your goal is turnkey or light-reno SFRs, Memphis has a lot of options that fit — and the investor infrastructure here (agents, PMs, contractors) is built for out-of-state owners, so you can truly be hands-off.Each market on your list has its own nuances, but no matter where you land, I’d focus on:Local PM quality — can they keep occupancy high and expenses low?

@Mike SchelskeReno is attracting attention because of major investments from companies like Tesla (Semi truck + battery production), Google, Apple, and others in manufacturing, tech, and logistics.

Meanwhile your website lists 11 staff members with the following titles: CRM/Email manager (1); SEO Manager (1); Content Creator (3); Director of Advertising (1);  Digital Advertising Specialist (1); Event Logistic Specialist (1); Chief Creative Officer (1); Social Media Manager (1); Senior Social Media Engagement (1)How is this overhead optimizing your real estate portfolio so you can return to making distributions?

It checks a lot of the boxes you’re looking for: landlord-friendly laws, strong local job growth (FedEx, medical, logistics), affordable homes ($100k to $150k) often built post-1970s, and a well-established network of investor-friendly agents and property managers who regularly work with out-of-state buyers.

I'm fairly new to the industry, yet have taken lots of time to understand the logistics and markets seen in real estate wholesale.

When you’re investing in a market you don’t live in, having people who can provide insight into neighborhoods or refer reliable contractors and suppliers, etc. can make a big difference.It’s also important to consider the logistics: how often can you realistically visit?

San Antonio especially offers great value for long-term rentals.Ocala, FL – Rapidly growing with a booming healthcare and logistics sector.

Industry Diversification & Job MarketKansas City is a hub for logistics, with robust transportation infrastructure and low operating costs.

I keep seeing people talking about hiring an RMLO, but they do not go into the logistics. 

1031 can be great, but multi property exchanges can be costly and logistically hard to pull off.