I hear 'good gut feelings' about how Pittsburgh, Minneapolis, and Salt Lake City are undervalued, for instance.Unfortunately, no amount of data can make a case for the area if you don't have a team on the ground.

I am also currently looking for a new management company in Salt Lake City if anyone has any referrals.Thanks,Marlowe

I think you take this one with a grain of salt and as payment for a learning experience.

Of course this is only one man's experience with respect to the Bay Area market so please take it with a grain of salt. 

Take this info with a grain of salt but sites like rentometer.com can help judge current rental rates and therefore the GRM if any of those places are also on the MLS or were on there recently.  

I paid $1725 last year for both properties to have unlimited snow removal and salting, with a 2 inch snowfall as the trigger.  

@Jason Morton, take all rules with a grain of salt.

The more salt we use the more it costs .  

But I see you're a family man, and I'm not sure what you do for work, so obviously you may be constrained in what part of SoCal you're looking in.Again, take this all with a grain of salt, but I think my personal strategy right now is to wait until the market cools again to pick up more buy-and-holds in SoCal or maybe if I'm lucky find a distressed property.  

I have never rented to the government so take this with a grain of salt.