Having lived in IN for 8 years before moving to Austin TX, I believe this city offers great opportunity now and much potential.

Thus, we are looking into the Johnson City-Elizabethton area or the Kingsport-Bristol area.

I am not a lender, I'm an investor that typically buys major city-center multifamily. 

Its never going to work if you want to buy in the low income areas of a city and hire management from outside.

I'm in Columbia, South Carolina by the way and no I'm looking to build in another city but in South Carolina.

If not you might be stuck with the work and the commitment to doing it since the city would be the ruling party.

I sent an email to the city and received a long response.

I don't know CLE per se (I'm based in STL), but I know the financial side of gut rehabs in urban centers of big cities.

If that isn't satisfactory speaking at a city counsel meeting about the subject would also seem appropriate. 

I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?