Most of the time they are young 20s and fresh out of college and never owned a pierce of real estate.

Hi Wilson Lau, Thanks for the information and your perspective.

I have several out of state and am currently seeing Charlotte, NC (where I now live full time) taking off from a long term growth perspective and fitting your metrics.

But again, coming from a customer perspective, the "give me money and I'll put you on my schedule" thing means I am not hiring you.

My gut says I need to cut off of this deal,  but curious to get your perspective.

As a local investor, I always recommend starting where you live—it gives you a better grasp of the market and makes management easier.From a purely numbers perspective, investing in a high-cost coastal market like San Diego has allowed me to grow my wealth far more quickly than I ever could in the Midwest.

If local deals aren’t working, try out-of-state markets or connect with local investors for fresh ideas.

4) If yes to #3, then may I have the link for such a information from a Limited Partner (investor) perspective?

All appliances need updating as well as a fresh coat of paint and new flooring.

Great perspective—turning this into an opportunity to stabilize the property and add value is key.