However I recommend speaking with your accountant/tax advisor before making this determination as this may differ depending on the individual and their objectives. 

Some gurus have one side of the business with employees that find properties for them, called “acquisition specialists”.

Yok Re is their specialist in Blue Ridge.

Given my objectives as a young investor, which of these regions—Upstate New York or Florida—would you recommend as a more viable starting point for multifamily investments, considering factors like market trends, economic growth, and property appreciation?

Some of our initial baseline, no-go, criteria when we first listed were: 600+ credit score, no evictions, no bankruptcy, and income 3x rent... however, after finding that very few interested parties were eligible to even "enter a review phase" of landlord verifications etc, we loosened up a bit and went to an objective scoring model that I tweaked from a few ideas obtained after speaking to both rental professionals in my local area and some on this forum. 

No system is perfect, so don't waste your time chasing after the next shiny object.

My objective is to just offer housing but also someone who oversees the home and makes sure people are staying sober, going to AA meetings, doing chores in the home etc. 

The ones who haven't heard about it seem to not care much or are grateful to be informed of the "changes".We are getting less objections when presenting the exclusive agreement than we were prior to 8/17.

Have an objective third-party determine value in its current condition.

@Joseph Lawrence I am in North Dallas (I've lived in NYC), what is your investment objective in buying a new home?