If it is a commercial property, that is a very attractive Cap Rate.

Your analysis highlights the power of leveraging real estate, both in terms of financing and tax benefits, to achieve attractive returns.

South Carolina, specifically Greenville, is often pretty attractive to us just over the line in North Carolina, but keep in mind that as an investor you'll pay MUCH higher property taxes there. 

Point Breeze is going to attract the best tenants but it's also further along in revitalization.

@Rehaan Khan An appropriately priced property in the suburbs does not sit on the market, especially if it is attractive to a homeowner (not just an investor).

This growth, driven by factors like retirees, job opportunities, and a desirable climate, increases demand for rental properties.Tourism: Florida is a major tourist destination, with attractions like theme parks, beaches, and cultural events drawing millions of visitors each year.

-Will be open for us to extend our inspection periodThe counteroffer sounds attractive since he's offering to pay for most of the repairs, even for an engineer to properly inspect the foundation.

On the other hand  If you know the markets that are more favorable and attract high qualities tenants land lording can be very easy with little to no worries.  

I have been most attracted to the idea of buying undeveloped land and building a 1-2 bedroom cabin on it to turn into the STR.

The property immediately attracted tenants.Lessons learned?