-------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Did you purchase this property all cash? 

I have a property that I purchased in Madison NC (about 25mins north of Greensboro). 

I also purchased these while residing in CA!

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

I see people purchasing new STR's here and others dumping their properties or converting into LTR's. 

The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

Im a firm believer in purchasing rentals.

Once I get a few deals under my belt and money is more abundant, I'll also purchase Seth's training.

We source and purchase all finish materials for our projects (lights/plumbing fixtures/etc).