Although these areas will cashflow really well, I would generally suggest steering clear depending on your strategy. 

That said, if you take the time to connect with an investor-friendly realtor that will steer you in the right direction, get and vet references for a contractor, structure your payments to align the contractor's best interests with yours, and utilize technology (videos for walk throughs) as well as your agent to validate the work done there is no reason why you can't be successful.I would also consider taking on a partner for your first one.

While I dont have any pm companies I could recommend , I do have several I will steer you away from. 

You should be able to see how long they have left in the area and you can steer clear from short timers. 

I'd be happy to have a conversation with you to steer you in the right direction. 

For 38127, if the house is not in SkyLake, or near Delano, steer clear.

Is this something that you steer away from, has it caused you more problems on the whole.

However, be mindful that the mortgage broker MAY charge you a fee in exchange for finding you a lender.I also heard horror stories of mortgage brokers not necessarily steering you into the loan with the best terms and rates because they may get a higher fee to steer you to a different bank.If you do have the time and availability contact all the lenders in your area or the area that you plan to purchase the property in. call anywhere from credit unions, big banks and small institutions.

I thought 203k may be an option, but I was steered away from it while talking to my mortgage broker.Thanks for your input!

I've qualified for a loan and I'm actively looking but was wondering if somebody has some local knowledge and could steer me the right way (transferring from the South East coast).