Let's of NYC investors look at other cities in NY, Rochester, Buffalo, etc... they can drive to them to see them, and they know the state well enough to feel comfortable.Most of the rust belt cities in NY offer cash flow as well. 

I see too many investors now, put a significant amount of money in rehab costs and over leverage themselves on hard money loans with low down payments, their properties are not selling and they are lucky to just payoff their current hard money loan via a DSCR refinance. 

Memphis, Little Rock, Oklahoma City, and Tulsa are solid markets that many of our investors in your price range tap into. 

Obviously, it's not beneficial to every property/owner, but we do see many investors benefit from it.

The truth is, most new, aspiring investors don’t fail because of a lack of information—they fail because they don’t take action.

Quote from @Damien Davis: Hello BP Community,I'm a rookie investor, only have one deal under my belt (Long term rental) and it's been treating me very well.

I'm an investor in the Austin, TX area and I'm here to build relationships and work on deals.

I know what I would do for my market if it were a long-term rental in valuation, I don't know how investor buyers do it for STR.

He's an active STR investor and investor focused agent.  

Im an investor and realtor in Blue Ridge market.