Invest/syndicate in my expensive market vs cheaper one back home

[Marc Roberson]

My home town I know very well but lets be honest, I moved away for a reason. It's a very low COL area where I could find a SFH for under 40k, get it on a land contract and flip it for 80-90k myself. I did it once two years ago. It was in Ohio.

I now live in Colorado, own a new build SFH but due to a recent layoff, have no W2 income. If I moved back to Ohio, got a regular W2 job it would just be a matter of time before I closed on a duplex or 4-unit and off to the races I go. Pay of $25-30/hr goes a lot farther there than here, in CO.

Basically I am trying to figure out if I should try to "make it" in the market here, I don't know well, with no W2 income right now, but where I own a SFH with about 25k in equity, or move back to where Im from and know some people and know this one part of town really well.

I did move for a reason and if I had my choice, Id keep the house here in Colorado and just visit Ohio occasionally. I know Brandon said to invest in the market you know. The only thing I have going for me here in CO is that I am licensed as a broker and the small amount of equity in the house. But thats it. Will be getting back on W2 income come January. But how difficult is it trying to syndicate in a new area (with housing shortage) vs a VERY low COL one you already know?

Am at a fork in the road. Moved out here a year ago and really dont want to give up my lifestyle here but know it'll be way easier back in Ohio. I was at a tax sale last week and saw some properties go for under $15k. 

Should I wait another two years, try to get 50-60k net from selling this house or a HELOC, and take that money back to Ohio? Or try to syndicate from here in this new area?

Ty