They are super cheap and might give you a bit more peace of mind.

@Demiss ShippleyHouse hacking in expensive markets is doable, but you may need to be more flexible or more creative.I agree with @Benjamin Sulka, likely in this environment plus being in a high COL, you'll likely not be able to cashflow unless you have a SFH with many rooms that you rent out individually.

You may find in this environment you will be asked for 30%, 20 year, higher rate, which makes this deal look worse.If you pay cash....quick napkin math assuming 50% of NOI for expenses that leaves you with ~$70k which is a 3% return. 

Investing is a business and the business environment has changed from interest rates to contractors to tenants.

debt coverage is a greater obstacle...than appraisal at 75-80% LTV" - 100% agree...DSC is determining loan proceeds in this high rate environment, not LTV.

Our people are happy with the environment and diversity of opportunity there.

In the current environment, a 15%-17% IRR is respectable/realistic on a value-add ~B Class deal. 

In markets like Memphis and others here in the southern/middle part of the country we are still able to cash flow despite the interest rate environment. 

That's pretty high for an investment property in this environment.

People are moving to North Port because of its lower-than-average crime rate, Peaceful neighborhoods and It is safer than the majority of the country and is in the 78th percentile for safety, making it a terrific choice for families.