For me, it's easily the coolest city in the state, and it's not even close.  

If you do a risk assessment of the area, property and likelihood that you can collect rents easily, then you should be good.I have about 25000 saved up and I'm living at home for free how much of that should I spend on a property or save. 

@Heather Hall, I like how quickly and easily these DSCR lenders can close.  

@Rick ImIf you are putting in $180k cash you should easily be able to get a $110k loan for the property through a hard money lender to complete the work then refinance into a long term loan.

Then in a year I would move back to Nevada or to another multi unit home in Utah.I do not have a significant income but his income would easily cover both mortgages.

Though when it came up last year with my client it was determined that you can easily use the county declared state-of-emergency as proof that there was a hurricane.  

They can pay that easily with cash on hand without even increasing dues.

With a $500k investment you could probably easily grow to a $1.65M, 6 units portfolio, with cash flow in excess of $2,500/mo, all while reducing your structure count from 6 to 2.

You can easily spend a few hours a week or less due to how automated it is. 

However, if you lose a few days or a week or more, you can easily lose good applicants - so contacting people directly is definitely safest.