There are some great incentives with the new builds in these areas. 

A miscalculation can eat up your profits fast.Speed is Key – The longer you hold the property, the more you pay in interest, taxes, and utilities.

You can start building out a team(GC, Agent, etc) to start analyzing numbers.

First, there are about 6 states that I refuse to invest in because of their tax laws and what I consider to be an unfriendly business environment.

If appreciation is part of your long-term wealth-building strategy, holding onto this asset could be wise.That said, if your main goal is to aggressively pay down your primary residence mortgage, selling could make sense.

DSCR qualifies borrowers with rental income rather than personal income, so you don't need tax returns.

The portfolio was being dragged down by the bad buildings taking all the good buildings cash.

Their taxes and insurance may have doubled and they can't afford the house any more.I think geographic is tough because there just isn't typically the turnover any more in most areas. 

@Josh Ball mentions, there are issues with foreign investors but, nowadays, it's not necessarily on the tax front anymore.

I'm excited for you to be here, it's a great place to expand your real estate knowledge and build a successful portfolio.