Quote from @Jonathan Greene: I like the Lakeland area a lot.

Quote from @Shannon Green: Below are the numbers .

Quote from @Jonathan Greene: Quote from @Patty Tower: I always go in with offers contingent on inspection.

In the meantime, I would recommend checking out BRRRR by David Greene and The Book on Rental Property Investing by Brandon Turner. 

The area is small but is right outside of Bowling Green (the third largest metro in KY-60 miles N of Nashville) and there is residential construction going on in the area that appears to be selling around $225k on average for a standard 3/2 home.

This is the norm for most of the Green Mountains region. 

Arrived was established in 2020 and is way too green for me to even consider.

Similar green energy investments could be considered if you can make the numbers work (credits on some types of low income housing can be north of 50%).Depending on how long these properties have been held, they could consider implementing cost segregation studies via a change in accounting method to accelerate some depreciation.The operating proceeds could be re-deployed into new properties where cost segregation is an option to accelerate depreciation to offset proceeds.If the properties are low basis and we are not maximizing the 199A deduction, maybe considering an S-Corp structure for management to be able to participate in retirement plans and also generate wages to use as a 199A base. 

I am currently reading "Long Distance Real Estate Investing", by David Green (published by Bigger Pockets) and decided to apply some of the analysis to a currently listed deal on NORADA. 

As long as you have at least 20% down, assets for reserves + closing costs, and your rent covers the debt service 1:1 - it should be a green light just about anywhere.