You don't want to be caught in a situation where you're over extended.

Figure out what you want from a property and start in your local area and keep extending from there till you find one that meets your needs. 

@Stone Saathoff So what would your sort of definition be on over extended?

Many are forced to stay in extended-stay hotels.3.

There are intuitive reasons why suburbs have steadily grown, and as technology increasingly enables us to over come the logistical effects of distance (the COVID-19 social experiment will noticeably extend this ability) we also become less concerned about the logistics of distance in favor of quality-of-life for our families.Appreciation is where the most money is made, and the fast-growth areas are where the most appreciation occurs (for 10+ years).

They've essentially built an extended team for you from plumbers to rehab crews.

I'd talk to a local bank that would extend you a home equity line of credit on your property.

All of the press and briefings by the mayor in Richmond up until June 15, 2020 seemed to clearly state that Richmond was not hearing eviction cases until June 29 after the State Supreme Court extended the eviction hearing ban.

Is it because they dont want to extend loans below a certain threshold? 

Tightening your underwriting standards as @Ronan Donnelly alluded to is a smart play, but lowering ARVs and extending holding cost assumptions is not so easy when everyone around you is scrambling for deals.