Similarly, if you are you a medical professional with strong connections at the local hospital, then target properties (and their owners) that would attract medical travelers.

As for finding a contractor, asking local investors for recommendations is a great start.

Using a local real estate lawyer is useful and cheap.

To find the best community bank, I would post in a local facebook group and ask which are the best local lenders to work with and ask for a specific contact.  

Just be sure to check local regulations for Airbnbs.For long-term rentals, growing cities with strong job markets and affordable housing are ideal.

Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

However, especially if the investor is buying in an area they are not familiar with, they probably will not know the nuances of the local area. 

Just started our own firm investing in and managing property in our relatively new (~5 years now) home in Charleston, SC.Happy to be a resource to anyone and look forward to making quality local connections!

Hi Jerrell,  The best option for trying to get a HELOC on a property would be to check with local credit unions. 

Otherwise, the tenant will make excuse after excuse to buy more time as they fall further and further behind.To find an attorney, suggest you visit your local court and lookup the landlord-tenant docket to ID attorneys with the most cases.