Hi Nikki, I am considering investing in buy and hold properties in Asheville also and have been doing a lot of homework on the area. The bottom line is that Asheville has been a trending location for many years now and property values have gotten higher as a result. Limited inventory, partly due to the number of people wanting to live in Asheville and partly due to the fact that due to the mountainous terrain, has also helped to move prices higher. I have gotten feedback that getting contractors can be a challenge making rehab costs higher. In the end, finding a property that will cash flow can be tough. I don't know what I am ultimately going to do but I am planing a trip to Asheville and Charlotte in July to familiarize myself more with market. I am now casting a wider net that includes the areas surrounding Asheville like Hendersonville and Black Mountain. I am even considering neighborhoods in and around Charlotte like Gastonia, though I don't really want to live that far from my rental properties. Lots to consider. Good luck to you!
