I live on the East Coast and I too am an out of state investor primarily since Long Island is a particularly expensive area as a whole to invest in. 

We're doing a ground-up construction project in a booming spot on the Pacific Coast of Mexico.

Quote from @Alyssa Wright: I would definitely recommend looking into the Western Pennsylvania market, especially for Section 8/subsidized housing!

Best to you & all of Western Carolina. 

Is there another mountain area with much higher cap rates, even out of state but preferably in the upper western US?

I would be interested in the meet up if there is a zoom option since I'm usually on the west coast.  

I am sure every state is a little different or have nuances but for sure as Greg mentioned materialmen can file a lien and then just wait.. the other thing they can do is a court action for unjust enrichment claims.. those are the two ways Materialmen protect their interest at least out here on the Left coast.. 

Hi About me: I am a 33 year old single male in the south jersey area. I work remotely as a software engineer, I currently make $105k / year. I have $80k liquid in CDs and savings accounts in the bank and a credit scor...

I am an investor and exploring opportunities in Western Mass.Thanks

A couple options… 1) Coast as is until March for better selling season, more buyers, higher price. 2) Raise the rent at least half way to market.