If you do go out of state start with a location that you can drive to or fly to and from in one day, maybe AZ or NV. 

Good location, right pricing, market demand, and 75% ARV deal How did you find this deal and how did you negotiate it?

This Meadowbrook Dr SE property presented an excellent opportunity due to its favorable location and untapped potential.

It really depends on location, quality of home features, amount of privacy for renters/members, and competition.

The picture they used was more of a B or C market location.  

In your case looking to larger assets where you can effeciently cost segregate to gather bonus depreciation would be a smart move.Appreciation - Where in the country is the asset class you like growing or going to be growingAmortization of the loan - What sector or even region if you look locally for funding, is going to offer the most favorable lending so that less goes to interest expense and more to pay down of principle.Have fun with a spread sheet comparing these 4 returns from your investment with the type and location of assets you find attractive. 

It is be difficult to answer in details on a post but I will give you some general info here as a guide:- The legal limit will depend on your location, layout of your house, and parking availability.

Hello everyone, I am located in New York City (Bronx), and I am currently tackling a renovation for a triplex rental I plan to keep.

Good properties/locations will see values and rents grow at a greater rate.

I look for locations that I am comfortable with, and look for the best rental yield I can get in that location.