You don’t get CA level appreciation in Kansas City.Some areas are high crime so need make sure you understand the neighborhood you are investing in, like any city all locations are not equal.Very car centric city, mass transit is not widely used, people don’t walk, they drive outside of a few very walkable locations in heart of the city. 

This is an amenity that drives bookings for us. 

What about drive approaches, parking lots, site lights, landscape, irrigation, etc.? 

I completely understand your point about pricing adjustments driving faster leases, but my experience has shown that other factors play a significant role in a rental's performance over time.For example, I own three rentals with very different dynamics:1. 

If there is one thing I would do different is: I would invest Out Of State in markets that had sustained growth, strong job numbers, were safe and desired, and had favorable Landlord laws. 

@Joel Lebovits the neighborhoods closer to the downtown area of Canton are more run down, with more vacant/distressed houses.The farther you drive away from downtown the nicer the houses get, in general.

Choosing a location near LA, accessible by a short flight or drive, will make it easier to check on your projects.

Not sure if it's worth it to gain the extra appreciation while also having to manage multiple properties that are a bit of a drive away and have unknown maintenance requirements.

This isn’t 1979 where you’re restricted to properties “within a2 hour driving distance”.  

Peniche also has a university and a fishing industry to provide alternative economic drives if tourism does take a hit.C.Supply constraints– Peniche is a peninsular!