If anyone has good agent connections along this coastline, feel free to share. 

So it's great for 5 years but then the cash flow numbers don't look that spectacular afterwards

So even if a few unicorns die a spectacular death, and numerous start ups fail (remember most start ups fail by design), the upshot is that good employees will get rehired.

Houses in Bismarck that sold for $125K 11 years ago are going for $250k+ and these are not spectacular homes by any means.

You want to pick somebody spectacular to live next to and who will care for your new property.

I'm aware that the area is not spectacular.

We have miles of coastline, an up and coming downtown redevelopment, reasonable taxes, low crime rate, and a top notch school system.

@Joshua Metherd Hard to answer, don't think CAP rates are the best measure, but in a small town like that I personally would think 45k a door for 595 rent is not that spectacular of a deal unless it really is the most desirable product/location in the area and has been darn near 100% updated.For what it's worth my appraiser on my 5+ unit deals in this area recently used a 10% as the CAP rate comp, but none of my product has been newer per say.Off the top of my head my guess would be $425,000 but that's a guess, too many variables.  

The podcast is spectacular 2.

The ability to post to one site, and have it distributed to all of the major renter search sights was spectacular marketing.