I am a local agent, property manager, investor, and house hacker in SLC area.

Over the years every single time I went over his house to hang out we would talk about money, investing and the future we were building.

if you want to buy a vacation house for your family, and you can afford it, and you'll occasionally rent it out - that's great, it's just not an investment. 

The house has needed some work done which the PM handled.

I agree with John, we are seeing renovation costs of $150k- $200k for a basement unit and $250k + for a coach house. 

State Farm just told me I have too many houses and have to move on. 

They are really changing the shape of the city and it may become incredibly expensive to buy out there soon due to lack of housing.

You could also consider house hacking locally.  

I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.

I've also seen a lot of BRRRR opportunities and house hacking opportunities in the Shoals area.