First you don't see that many notes from there as opposed to midwest and south east states, and second, north eastern states usually scare people because of taxes and liberal courts.- They could have found a buyer and then he backed out, which happens.You would have to be more detailed but these are a handful of basic reasons why some notes sit.

I did sell some properties in California to acquire more attractive buys in the mid west and south east. 

From a demographics point of view, MKE is a great rental market - we have over 500,000 people within 5 miles of our site, and over 50% are renters.

It's about 35 miles from Asheville. 

The city alone is 234 sq miles, which is huge. 

I live 2,000 miles away and still invest there.

But maybe 100 miles out or so.

Or if your job transfers you to another location (100 miles away or so)...then yeah, you need a new loan for a new home.  

You need to live within 50 miles of a unoccupied STR, you need to be living there, lottery system for new permits and you don't get one, STRs are banned overall in certain zones, HOA votes to disallow STRs.

My place is btw 3-4 miles from 2 brand new Children's Hospitals.