We want a slightly less discovered region. 

In my area, most illegals live in trashed-out rentals with multi-generational family members or co-workers, so I doubt the housing market will be greatly impacted, at least not in my region.  

But seems tricky as none of the builders are willing to sell to investors in and around Columbus region ?

Some of the best opportunities can be found in other regions, particularly in markets known for strong rental performance, stable property values, and tenant demand.

The only other good lenders I've seen are credit unions and regional/local banks.

If multiple states you will want a regional or countrywide lender.  3.  

True, I am 100% with you on that.The point here is, when you analyze, you do based on what you know now (what is known as a fact today) and on what is highly likely to happened (again from today) and to accept the fact that things might change tommrow.Life happened every day, that’s why  we need to stay firm with our direction but flexible with our approach.having lived through the HORRORS of those years fully engrossed in the industry almost nationwide... it was regional on who did well and who had troubles.. no question well positioned landlords in Portland for instance no issue.. 

there are ways to get around the highest and you also need to take into account the savings you will generally have on the purchase side when compared to other regions. 

Also, if this is a regional flood, Fire, Tornado or Hurricane issue; replacement costs will be even higher.F. 

Do you think it would be better to focus on the more expensive areas- I'm in the Grand Traverse region- and if so, what assets?