It's a sketchy part of town about 1 hour drive from me and I plan on getting the keys, then have my rehab guy manage the crews. 

Cynthia Oistad a tax assessment isn’t a good way to value a property so make sure you get a CMA from a realtor or something similar to get a good idea to what value is.Secondly I would explore the option to 1031 exchange into a larger property.

-I prefer newer homes / town homes because I frequently travel internationally and thus don't want to deal with frequent repairs.

It’s in an improving area of town as well.

It’s in an improving area of town as well.

I would say, unless something drastic happens, most towns with a decent-sized tourism industry should be a bit safer, so long as they are not limited to seasonal tourism.

We're looking into and exploring listed properties and potential deals to come up.

Do you know what specific neighborhood or part of town you're looking in?

@Dave Zarcone I'd partner with your Realtor for an answer to that question, they should know the market and town or they should be willing to find an answer for you.

We are looking to buy another, but maybe focus on Investing in more of a Vacation Rental this time, as we have 7 long term rentals and we feel our cash flow is good right now, and would like to explore the possibility of having a vacation rental, somewhere we would use as well.