But generally, Arizona, Nevada, Oklahoma, Southern Texas, almost any southern state, almost any mid west state but avoid the obvious - California, Oregon, Washington, New York, Illinois, Connecticut, Maryland, New Jersey, Massachusetts, Pennsylvania - all have high taxes and failing pension funds so taxes will only go higher.States with large illegal populations are going to see dramatic increases in vacancies and you want to avoid vacancies.

If you buy at 5% cap and plan to sell at 7% cap, your only way to make it work in a short time frame is to find a way to dramatically increase rents.

Investors are more than likely faced with two decisions now... (1) look for older rental properties that pose a variety of problems, or (2) look to build or buy newer developments where construction costs have increased dramatically- also posing a variety of issues.However, this does not mean there are not great rental properties available... you just need to search and rely on your "buying criteria" to make informed decisions.

I'm personally not a fan due to their dramatic population decline that they have yet to pull out of. 

But Vrbo has been increasing their marketing dramatically in the past year. 

This could be particularly valuably if you have a partner or you are in a dramatically different tax situation and you can benefit from depreciation at a higher tax rate than a partner.

I'm sure it's tempting to take some dramatic actions now (pay off as much debt as possible, find some financing mechanism to get your money out), but if I were in your position I would put together a plan to achieve all of these goals and take it a few steps at a time to help with risk exposure.Hope this was helpful.Seth

I used GE specifically because it is down dramatically. 

.- Issues plaguing SVB aren't entirely unique: banks have low returns on long-duration assets which have fallen in value while their cost of capital (deposits and short-term borrowings) have increased dramatically. 

Each of these variables will dramatically change the advice for the individual asking this question.