it's a nice, expensive place to live but tougher to house hack unless you buy a big house and rent out individual rooms.)also, as @Jonathan Greene alluded to, the more you're willing to sacrifice, the better it will work. 

@Dakota Williams While it’s nice to improve the ARV and obtain appreciation for when you sell I’ve discovered that most of the time I can’t access that “hidden value” because to refi out the new value would leave the property with negative cash flow.

This house had 12” of water/ice in the basement... there’s a nice sump pump set up just sitting there with no power...

Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.

nice, house hacking or are you occupying both units?

It also sits on 2 acres with separate buildings for animals and a nice storage shed.

I bet the government thought people would plug in while visiting the DMV and then leave, that never happens.

If you renovate for a flip and then decide to BRRRR you will likely get less than you expect because the finishes will be too nice for a rental (depending on the neighborhood, it could work where you are in that price point).

Hey Robin, thanks it's actually a creative finance deal with some value add opportunity, so I'm really looking forward to learning a lot from this Nice - sounds like a cool way to start

But the best course of action here is two fold: Visit your local REI groups.