I’m not saying you have a bad deal, or I wouldn’t buy it if it was located somewhere warmer without income tax.

The risk of the business is on you and whether you have the expertise to pick the right asset, in the right location, and operate it properly.

@Stephanie MbayaLSU's high rental demand and affordable property prices make it an ideal location for house hacking.

The property was in a high demand location, so it made no sense that it would be half empty. 

Are all of your properties located in the state where you reside? 

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

Quote from @Saint Kyle: I'm located in the Youngstown, OH area and I've been purchasing properties under $30k to rehab and hold for cash flow. 

I think you should only sell if you fundamentally no longer believe in your location or ability to operate well.

This Millpond Ct property was an exciting opportunity due to its prime location in San Juan Capistrano, CA, and its untapped potential.

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.