There will be different areas that are better or worse depending on whether you're in search of cash flow or appreciation. 

I've heard that Butchertown, Highlands, and Old Louisville are hotter areas and am guessing that proximity to Churchill Downs and downtown are usually a plus (especially for STRs).I'm casting a wide net here in just doing some preliminary research to get a feel for different areas of town, but would love to get connected with some others who have had some experience doing some of these things and have a good lay of the land and are connected with reputable contractors. 

Quote from @Stacey Wells: Hey everyone,I’ve been researching different funding options for real estate investments and business expansion.

Hey BP,Looking for some great websites to use to gather information on different markets, especially OOS investing...One of my personal favorites is "City-data.com", which was also suggested to me by a fellow BP investor!

From there every 20 point increment affect pricing differently.

Sometimes using some contractors for one project will be good and then switching to another contractor for another project is typical because each scope of work is different. 

It may require different insurance too..

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Every lender will have different rates, so there is no global spot to track rates.

If you think you can find a higher quality tenant, then that is a different conversation entirely.