When looking for investment property outside your local market, cash flow, income, and tax benefits should be key factors in your decision making. Ultimately, your investment strategy should dictate what and how you buy. Here are some of the top cities with lower cost housing as a starting point. These median prices are based on a three-bedroom and two-bath home.

Tulsa, OK
$97,059

Columbia, SC
$109,658

Cleveland-Akron, OH
$123,833

Columbus, OH
$126,961

Pensacola, FL
$132,565

Price alone does not make the investment decision. You need to research the local rental market and know the local economy. Are there jobs? Are people moving there? For instance, Columbus and Columbia are university towns, so there may be a student housing niche for cash flow and income.

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