Results are FAR more weighted on HOW and WHAT a person does then where they do it.

A quality operator is worth its weight in gold.  

Build your team as you go and start small, gradually adding to your portfolio.

Not to say real estate wont gradually appreciate, but for gradually appreciating illiquidity with capex risk, there are better investments out there. 

This Corp will get a fee for the management.That would be a way to convert some passive income to active income.As active income does not have the same tax advantages as passive income you need to carefully weight the benefits that you can gain from a Corp (Many more deductions available, retirement plan contribution) versus the additional cost and taxes.

Should the housing market correct, this may not be the most opportune time to go 100% in as an investor with no parachute or back-up plan.It is best to get into the business gradually and expand when you are able.

A razor knife around it cutting the paint and some elbow grease usually get it moving, then address springs or weights on them plus some soap on side helps it slide. 

All these SINGULAR city charts/metric to INFER a MSA weight are best defined as GIGO, Garbage In garbage Out.

The average annualized (investment weighted) yield has been 30.9% (This is like the bank CD's APY). 

Some feasibility studies are worth their weight in gold.