Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

The outcome was a beautifully furnished home in a prime location with a low mortgage that generates consistent cash flow.

To me the biggest takeaway is that as real estate professionals, we always talk about location, location, location.

Do any of these locations make sense to you?

Portsmouth, known for its historic charm, offers higher prices but strong demand for both multifamily properties and short-term rentals, with premium rental rates for well-located properties.

They want to sell for as much as possible.Use the broker's pro forma as a thumb to the wind guide for your interest along with the rest of the offering memo (right location, asset class, etc.). 

I love New England and I’m from the Cary/raleigh area of NC so those are my top locations.

It is located in an area that attracts college students/employees, working class families, and military families.

If this property is hard to rent, or is functionally obsolescent (only 1 bathroom, no yard, etc), or has deferred maintenance that will be costly, or is in a location that is not appealing to Tenants, then maybe a sale would be a good option in favor of a property that has better Tenant appeal, which will likely increase rent and avoid long vacancies in between Tenants.An option to consider....

But a really good property, for what you can afford, in a good location like Charleston and wait.