Location?

For me, I've found that as I hone in on a location and an asset class, everything gets easier. 

Both properties are located on the east side of Houston and present solid investment opportunities.

This is located in a tourist lake/ski town with extremely high demand for lodging.  

I'd say it's a good deal considering you are in a location you want to be with a solid asset.

Start small with one property, choose a strategic location, stay transparent with lenders, and ensure tax compliance.

This time it's void of location premium not proximity, and that should absolutely be a deciding factor. 

And always set aside reserves for the unexpected.always look at location, schools and is there an area that is gentrifying where we could take advantage of better appreciation Inspections are paramount.

To get a 3/2 with a pool in Naples you're looking at 550k+ in a decent area where a STR would thrive, in Cape Coral its closer to 400k+ depending where in the Cape the house is located. 

We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.