You haven't provided information about this, but understanding the long-term economic outlook of your target city is crucial.A local investment team is crucial for success.

Your target is skilled people who are under capitalized.

But point well-taken.... those markets who ARE actually already showing signs of revitalization would likely be good places to target... but again that would depend on your investment strategy and unique way you plan to add value in order to achieve your specific investment goal.

Your target is the company that received the deposit, that signed the contract and that it was supposed to deliver the homes not the broker that makes a commission on the sale (when the homes gets delivered) on a success basis.Thank you and if you need anything within my reach I will continue to be here for you. 

When that’s not enough they go after personal assets, if your rental is in your personal name it’s targeted.

The goal of the first 3 deals will be to target 1-4unit styled homes, requiring minor-rehab.

I'd also learn a lot about maintenance and managing tenants.Then, with my hands-on experience, I could decide if I wanted to repeat the process or target 5+ units - which my experience would help with lenders.Good luck with whatever you decide to do!

GONE, there a target. 

Seller financing will be "golden", turn-key is the awesome sauce, and with a target of APPRECIAITON, so appreciating market NOT based on hopeium but on MATHS.

That said, it could be a good choice if you’re capital constrained and need to recycle equity from deal to deal.However, if you have capital to deploy and want to take a more hands-off approach, targeting a turnkey, rent-ready offering could be a better approach for your first deal.Full disclosure: I own rentals and operate a turnkey provider in Tuscaloosa—let me know if there are any questions I can answer for you!