I'd entertain an excellent loan in any state.

Excellent information.

You can buy single family homes in the Midwest for less than a $100k and have them producing excellent rents.

Charlotte is an excellent area for Real estate investing.

even with a lower purchase price that's probably 1/3 of DC's they still mostly still don't work - rents not high enough, too much deferred maintenance, not in the right location, or all of the above. 

Quote from @Daniel Rabinov: Hey,I am considering buying a piece of land to develop 8-10 houses on it with common area and amenities.Does anyone have some excel sheet or calculator that can help me check the viability of it being a good investment?

@Autumn KimNot a bad niche if you like pain and have staying power; this is not a strategy for a hands off investor that likes excel and internet research.  

You want to make sure whoever you go with has excellent ratings and is able to stand behind their policies, especially in the event of a major catastrophe.

I've used the insurance broker for over 30 years; knowledgable staff, excellent service, and great pricing.

(caught my book keeper stealing) and since then i do most of my rentals in Excel wich was very easy until recently because i have many entities. but since we have grown i think its time to just pay for Quick books and track rentals in there.