Not fully rented, but in a highly desirable location? 

Most everyone mentioned the weather and appreciation due to the weather making it so desirable to live there. 

Quote from @Alex Minter: Quote from @Daniel McDonald: Welcome @Alex Minter I've been house hacking the past few years just north of Boston and understand the desire to build a portfolio.

Hi David, you need a discounted propety, have you tried hyper focusing on off-market properties in your desired area.  

Investors should keep an eye on its growing infrastructure and amenities.Huntersville: A family-friendly suburb with excellent schools and amenities, Huntersville is a solid choice for long-term appreciation.Davidson: A charming college town, Davidson offers steady appreciation and attracts higher-income tenants.Belmont: This small town near Charlotte offers more appreciation potential than cash flow, driven by its desirability and quaint atmosphere.Neighborhoods Offering Both Cash Flow & AppreciationConcord: A tricky yet rewarding market, Concord can provide both cash flow and appreciation.

I incorporated smart home technology, such as automated lighting, heating, and security systems, which is highly desirable in today’s market.

It might be overpriced or might be correctly priced but is not generally desirable because of the work involved. 

My client recently purchased a 3/2 single family house for $160k that was near turnkey and already rented at $1900/month and in a very desirable residential neighborhood!

Keep in mind that inexpensive properties are inexpensive because they are less desirable properties in less desirable areas and attract less desirable tenants.

Hi Beau, it sounds as though you guys are looking in a desired neighborhood as well.