For southern states, you might want to look at smaller markets in Alabama, Mississippi, or parts of Tennessee and Arkansas where properties are still affordable and cash flow potential exists.

Reach out if you would like to compare options or revenue potential for different homes and communities. 

Quote from @Marco Bario: @Kris Kempe - You should consider the risks for you and the seller when wholesaling a subject to deal.

Umbrella insurance can be a smart way to shield yourself and your partners from potential risks that basic policies might not cover.From what I’ve heard, local insurance agents familiar with investment properties in your area are a great starting point.

Check AirDNA for demand, pricing, etc.The Dekalb Board of Commissioners has proposed regulations for short-term rentals. https://engagedekalb.dekalbcountyga.gov/airbnb-dekalb-countyShort term rentals require you or your property manager to be hands-on and come with more risk.

 I am a relatively new house flipper.  One of the issues I have noticed is that some people think of a flip house as being the cheapest possible rehab.  To address this I took detailed pictures from beginning to end o...

Seems like a property that isn't going to appreciate rapidly so cashflow will be vital to its investment potential.

The question is mostly a personal financial planning question and it depends on your preference and what balance of risk and access you'd like and would be comfortable with.

Is that amount worth risking at this time potentially having to pay from your primary residence?

Germantown has better cash flow potential but may require more hands-on management.