The market is ALWAYS changing but I know at this time, seasoned investors are getting 80% LTV on DSCR in the 6% range and 90% of PP/100% of renovation if total loan does not exceed 75% of ARV for FixNFlip loans. =)  

I am not sure if I should stay local to my market.

Are you investing in your local market?

These cities are the well known, sub 100k markets in the US.

I can say that with Phoenix, a multitude of opportunities can be in store for you if you invest in their market, network, or even just want to get familiar with it.What type of real estate are you into: fix & flips, buy & hold, multi-family, or something else?

Myers Market Update Feb 2024 (biggerpockets.com)

Do you have experience and know the cycles of your market so you know the best price?

Pushing into other, close-by, markets is the best (and maybe only) way to make it work.

If you get greedy and put #3 in front of #1 or #2 you can get burned like any other market. 

There are very few markets that cashflow with 100% leverage.