These will tend to be in hot investor areas anyway, so that usually works out pretty well.

My interaction with James is from a couple of days ago -- this hot property has yet to be sold. 

that is the pro :-) we always forget the cons :a) current appreciation is very different right now, some CA property is getting hot but FL and TX experienced price reductionb) SF condo has depreciation, but san mateo condo has appreciation lolc) dont forget eviction, maintenance, tree falling, renter not paying, insurance increase a lot and property tax also increasethe risk/reward in rental today's market is not as enticing as 12 months ago.no more 10% appreciation with 7.4% mortgage rate.

This area is growing and rental market is still HOT.

If they run the dishwasher through a cycle with hot water and ensure water doesn't sit in it, it will be fine. 

We are considering purchasing property on the Southwest/Gulf side where we plan to live for the first year before transitioning the property into a rental, open to STR or LTR.We would greatly appreciate any insights or recommendations you might have regarding hot neighborhoods in this market that are ideal for a strong ROI and investing within our budget.

Just asking because I think that might help facilitate better answers.Although not in the lending space here in Chicago as a general contractor, we want referrals that are hot and ready to make moves! 

The south is a pretty hot market, but it really depends on what your goals and strategy are.

Time is money, it's the ultimate money.Imagine missing a hot sellers market because you insisted on doing it yourself.

Make sure to follow their inspection list, the inspector checked everything on that list, testing every single plug in my property, turn on every appliance, hot water.. very thorough.