I just lost my job a few days ago, the reason for picking any state nothing tying me down to this area.

This diversity provides a certain level of stability to the job market.Population Trends: The population has seen modest growth in the last decade.

With the future being so uncertain I realized there was a need to do more than just rely on my job for financial security. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Very nice scam.  

I like the pool bench seating, nice touch. 

With your additional $100,000, you’d have a nice cushion to renovate or furnish a property like that.It really comes down to how involved you want to be and your long-term goals.

Another nice bonus of using this as a funding source is no closing costs, big help on the front end.Obviously, if all goes relatively well, the plan would be to hold these properties as rentals and refi at some point down the road when rates on mortgages drops back down a bit, whenever that may be.

I'm really busy with my w2 job working all the time to fund my investments. 

PMs and realtors want to use people they know that have been in the business and do a good job for them.