John Bianchi has some great free videos that I highly suggest watching that will help you analyze markets. 

I know Colorado has been expediting a lot of climate related issues which is impacting home insurance coverage, so maybe just make sure to research that extensively before buying there.

This might involve updating certain aspects of the property to meet modern standards.Permit Acquisition: Obtain all necessary permits from the city, which may include demolition permits, building permits, electrical permits, and plumbing permits.Restoration Process:Debris Removal: Clear out all debris and damaged materials from the property.

Due to FL insurance issue, I will drop all places in FL.Drop 9.Memphis, TN due to high crime.In NC, I prefer Raleigh or wilmington.

That way you have someone that can step in, perhaps a sister, or a brother or some one like that who is responsible enough to handle this highly valuable asset portfolio that you have.

There are only three reasons a property doesn't rent.1) The price is too high.

$250K Reno cost seems very high unless it is a big house over 3000 sq ft. 

They don't want to sell their home, however, but would rather keep it and turn it into a rental property, esp. since it is in a very good school district.Their current LTV is like 20%, very high equity. 

Cap Ex was relatively high last year due to a water line leak wiped out a good portion of the profits the Cap Ex that year was around 48%of rent since rent was lower.

This may impact the opportunity for winter STR there so take that into consideration.