I have been all over the map but I am coming to the realization that I need to pursue both CT and some investor friendly markets both BRRR which would enable~20% equity position when appraised OR +35-40% cash on cash return properties with no deferred maintenance.Ideally one would like to buy a NNN property with 20 year corporate backed lease (Maybe a Walgreens) which is 15% CAP, appreciates 10% a year, you can get a non-recourse loan that brings your cash on cash return to ~40% but that probably does not exist :-) I might have invited different type crowd into the post by using these keywords.

If they were to sell, what would that enable them to do?

This enables you to flip larger deals and make more money.  

This enabled me to pay my closing costs, including property taxes for this half of the year, insurance premiums for the next 12 months, and the rest in reserves.     

Also regular inspections will enable you to spot any maintenance issues.  

Define you goals so as to be able to establish criteria which will enable you to more easily make decisions on individual investments8.

Building with a small, local builder at around $115/sq foot (mid to high end) and using auctions for many of the materials enable me to have instant equity for this opportunity.  

If so, this would pretty much enable me to stay local and take a shot at my first property rather than resorting to other places.

The very number of Boomers allowing their 20 something children to live in their basement to "help them out" is only enabling them to be lazy and spoiled. 

The cash enables you to get the property with 20% down which allows for traditional financing with banks.