We started planning our move from the Big Apple to Jacksonville.

"we had the greatest time ever the view was gorgeous and they weren't kidding about the road" Just have to make sure you're selling apples to people that want to buy apples.

First CommonwealthFirst Midwest, up to 90% Chicago areaFirst Republic - CaliforniaFulton BankGFA Federal Credit Union 10 yr draw, 10 yr repay, MAGranite State CU, NH 90-100%Great Lakes Credit Union Veritex , Texas HELOCHSBC 70%, for premier clients only Horizon, Kalamazoo MichiganHuntington 75% LTV 5 yr IO product available Hurst Lending and Insurance Investment property HELOC in Texas.

O -H - I - O!

Continue by calculating the yield on your $200k by taking the debt service out of the NOI ($107k minus debt service of $81k, assuming I/O at 4.5% on $1.8MM) and you are left with $26k of cash flow, which nets you a 13% return on your $200k investment. 

I fully expect the overall employment numbers to increase significantly once Tesla, Apple, etc is completed and the unemployment percentage will go down.

There is no way 5% beats 15% if you compare apples to apples by looking at the cost basis when calculating ROI. 

@Allen LiYes after you have rehabbed and stabilized the property you would either sell the property and 1031 into a bigger property or cash out refi into long term agency debt which will give you 1-3years of I/O. 

Raleigh area has much more high tech companies in the RTP and Apple is coming in the next few years, seems to be a safer choice.  

Additionally, last I heard, Apple is building a smaller campus a mile or two away from our condo's location.