This market is growing rapidly, it's a state capitol, and we have two major universities.

So we shall elucidate five myths and truths about investing in them.Myth 1: Distressed Properties Are Always Money PitsMost people think that distressed properties require major renovations, which wipe out profit returns.

That literally a major city of homeless. 

@Michael K Gallagher Any major cons I should look out for if I decide to house hack? 

Indeed - I see bright future for North Carolina as a whole and for all major population centers like Charlotte metro, Research Triangle (Raleigh-Durham-Chapel Hill) and the Piedmont Triad region (Greensboro-Winston Salem-High Point).

We have had a pipe burst during the cold winter months, the roof needed to be replaced (thankfully covered by our insurance), and some issues with electrical, which hasn't been majorly updated since it was built in 1973. 

I currently manage a portfolio of 17 STRs, some are mine, but a majority for other owners.

I spend majority of my time in central and North Jersey.  

This could be minor, or major work that we wont know about until that inspector comes out. 

Check out some of the great things happening in Detroit in 2024https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/