Unfortunately, the market in Phoenix and the nearby cities/suburbs for about a 40 miles radius is the same.

Just 50 miles south of Boston and scheduled to have direct commuter rail access to the capital city by 2022.

It is along a dirt road about 1.7 miles from a paved road and power lines.Is it plausible to have a road paved, power, utilities, sewer etc, brought through to the property so that houses can be placed there?

Personally, I'm in favor of FL and the South East. 

@Justin Miles.     

A home 30 miles from Gatlinburg might rent for 200 nights.I look at a simple factor when I am analyzing an investment property:  That is the ratio between expected annual rents and the purchase price of the home, PLUS whatever I would need to spend on it to get it ready to rent.So...I just bought my mom a house for $270,000, and the annual rents are projected to be $40,000.So I take $40K and divide it into 270K. 

@Adam Stetina mice will come back unless they are taken 2-3 miles away!

The area is about 85 miles from Nashville but in KY.

It is in the heart of Cleveland just 1.2 miles walking distance across the bridge to Progressive Field - Home of the Cleveland Indians.

Out of state there are so many options - the Midwest and Southeast US both can cash flow well with the right deal.