I think the story across a lot of the upstate is similar, net exodus from 2000-2020, followed by a surprising increase in prices and population growth following the pandemic as people (and companies) searched for affordability. 

For me it boils down to more of a personal decision - can I afford two homes, do I want to have two homes and the stress of it, or just take my money out of one and put it in another.

Lower Entry PointsOne of the standout advantages of secondary and tertiary markets is the more affordable investment entry point.

I made the mistake of letting someone get in one of my first units that was a bit off the 3 times, they were great tenants very kind and enjoyed their stay and experience with me, but could not afford it when I increased the rent on them, which is something you will have to do because of rising insurance/tax costs.5.)

I want to keep the property but also know that this ridiculous HOA isn't going away and even if they move/move on, someone else will just buy it since I can't afford to buy them out right now.

We have 40k in the bank and 100k equity in our current house (but we can't afford a larger payment on our current residence).

Since I focus on cash flow, I already have the benefits afforded to real estate.

Let us say you want to have a Section 8 rental, then first try to define what you can afford and where is that money will come from.

The trade off is the building must remain affordable housing for 30 years.  

Mod Building if done right cuts your carrying cost and your installation time making it more affordable.