I am a real estate paralegal, concentrating mainly on commercial real estate.

If I was starting over I would concentrate more on the quality of the location versus an immediate cash flow as I have learned that great cash flows will always follow great locations, (it may not be right away but it will come)."

What if there's a concentrated roof load?

It would be fun to have a heat map or something of all of us and where the concentration of units owned is.  

I know many folks only concentrate in one location and may not face the questions I have. 

You have to concentrate on where and how you can get a down payment.  

@Kara HaneyThe economies capable of sustaining real growth in NC are seriously concentrated in the Research Triangle and Charlotte, which leave much of the state either depending on tourism or military bases or other niches.  

When I started my first fundings of turn key operators back in 2001 ish.. you had many of them concentrating on the HIGHEST return on paper deals.. and most of them that survivied and have thrived have done exactly what you did or do.. they move up in asset class and let those who are chasing paper yields play in those areas.Its a crap shoot that's for sure and many locals can pull off the lower end stuff but they work it day in day out its what they do and they EARN their dollars. 

We concentrate on both!

Furthermore, British homeowners contribute huge amounts to local economies across the EU, particularly in those areas with a high concentration of expats.