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

If you do budget that much, the you will easily hit your profit target.There are currently no restrictions in Lewis county and STRs work there, but there is always discussion on them by the city.

It’s a growing city and in a great location close to Orlando, Gainesville and Jacksonville.here’s the link to the RealWealth article that was mentioned above by Chrishttps://realwealth.com/learn/best-places-to-buy-rental-property/amp/#

When it comes to housing, the FHA rules apply in addition to those of your state/city.

I generally recommend if you're not going to buy a property in the city/market where you currently live, the next best place to look is where you have family (and presumably a place that you'll visit relatively often and easily).What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper", assuming you buy in Peoria or a similar priced Midwest market?

Bachelor/Bachelorette Parties: "Steps away from the city’s hottest nightlife with plenty of space to celebrate 

I would like to know how to read the market a lot better and learn how I can see wether or not a certain city is thriving or not, if where I purchase the duplex is thriving I'll just settle there and target SFH's there instead of moving out of state.  

I’m very familiar with the city but have been gone three years, so curious what’s happening on the ground.

The tricky part will be to get the the city to change your property's zoning to multi family (if it isn't already).

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