In his experience, Memphis’s higher-than-typical rent-to-price ratio sounded great in theory, but property management turned out to be a huge factor-especially if you’re not local.

Even comparing Provo to NC in terms of flight duration and cost even though both have direct flights would be a huge factor for me.

Keep in mind, while the projected performance is very important it should not be the single driving factor in your decision.

FHA allows the construction or renovation of an ADU on the property by refinancing into a 203k loan, but the property must remain your primary residence.This stuff is subject to change, lender specific, and subject to other factors.

The discipline to run on a budget for a number of years or decades depending on your math, doesn't factor in emergencies or market changes where the HELOC could be used to invest in other places.

I would factor in time to travel to any market, but AZ is relatively quick compared to the east coast. 

You are correct; I made an assumption that we wouldn't be able to sell through a realtor based on the factors against us.

In Britain it's typically split between buyer and seller, 1-7% total, average 4% but with total transaction costs factored in it's actually more expensive there.

They have a high hassle factor and he sold most of them.  

If you can do short term, mid term, or rent by the room, your hassle factor is going to increase, but you may be able have it both ways - more property and still cash flow.There is no wrong answer.