Go to small local/regional banks NOT national ones.

I recommend checking local crime statistics on SpotCrime.

In any case, I thing your investment are pretty solid and should earn you something between a decent return all the way to a spectacular return depending on the local economic situation.  

Networking, local meetups, door knocking, mailers, wholesalers, online forums specific to your area of interest.  

I'm a construction management consultant (so similar to engineering) and investor/agent in the Boston area so I get the need to want/need to stay local.

Hey Stefano Vrolijk,Speak with a local mortgage broker and get pre-approved for a loan. 

The most sure path for local RE investors seems to be with a near term exit. 

I write and call my local and state political representatives weekly about this.

Need more information about local comps, the condition, and state of the market.

A single-family home or small multi-unit property can be a great way to dip your toes in the water.Build a Team: Even if you’re planning to handle most things yourself, having a good real estate agent, property manager (if needed), and a reliable handyman can make life so much easier.Learn the Local Laws: Pensacola is pretty investor-friendly, but it’s always good to know local zoning laws and short-term rental regulations if you’re thinking about Airbnb or VRBO.Run the Numbers: Make sure you’re clear on the property’s cash flow potential.