The Northeast is rather notorious for having both high property taxes and extensive regulations, thus given this headache I am setting a high standard because I can still throw my money back in the midwest and manage properties remotely. 

No carpets, be sure you have a dishwasher & central heat/ac, close to the school, as little maintenance as possible (students are notoriously lazy), everything as online & computerized as possible.

Property management firms are notoriously terrible in this area.

Yeah around here people are notorious for hitting gas lines when they do not call before digging.

Be persistent.Texas is notoriously high on property taxes so you have to save where you can.Good luck

We personally don't invest in D class neighborhoods, which are quite difficult to force appreciation and notoriously management intensive.

@Lindsay Bowman National City is notoriously bad with their building records on anything older than 15years.

Be careful buying multifamilies that are vacant, these cities/counties are notorious for yanking the multifamily zoning, even after the rehab has been completed.

From my experience the Outer Banks are pretty notorious for not having a ton of management options available at a good price.

That would be an asset protection option that allows you to have a way around paying CA's notoriously burdensome $800 franchise tax.