The location is purely a matter of math.

If you plan to owner occupy it can make sense here, but from a pure investment point of view you should compare possible duplex cash flows to other markets, before you invest too much time in this market. 

I am about 2 weeks into BP and I analyze deals daily from pure MLS listings in the above mentioned websites.

So from purely rent, rehab would not make financial sense.

When you live together, friendships form and it's hard to keep it "purely business."

I've got a list of properties to go after but I'm purely limited by man power and faster cash. 

in regards to @Will Fraser It might not always be the pure insurance premium cost that makes a difference on any given deal from state to state, but I will say the underlying cost such as a wind/hail deductible is generally higher in Oklahoma/North Texas than most places as we are historically more at risk.

I just think having the profit secured for you, and making the cash flow a more predictable number will help you all mutually benefit from this transaction over you and your husband putting $100k into the game for an eventual $2m in liabilities and hoping to hit the break even.All those numbers are purely hypothetical of course, but I would probably talk one of my clients out of jumping on this opportunity as you phrased it. 

., you know you want to retire in X), then it's worth spending the time and money getting familiar with that area, acquiring some local knowledge, building a team and relationships on the ground, etc.Otherwise, if you intend to make it a purely "passive" investment without spending that time and money learning the market, I'm not a huge fan - that's not the right spot on the risk-reward curve for me personally (obviously, other people have different experiences and opinions.)But for me, I'd want to spend the time really getting familiar with a market and building a team and relationships, before investing there.

I had purchased a 2-unit property in Florida purely based on location appreciation potential rather than returns back in early 2018.The sellers as behind on his mortgage and needed to sell before he was foreclosed upon.