I was surprised at the home prices out here when we bought (Dec 2017) compared to years prior but we still got a deal at 4.25%.  

@Ali Boone Cheers - not sure of my budget just yet; I'm used to having done traditional lending through banks and don't have much experience cash-out refinancing yet, but currently reading up on all that stuff and exploring options.I'm actually from Charlotte originally so I would feel a little more comfortable investing in the city....I think for OOS I would prefer something more turnkey at first unless I was very confident that I had good contacts (contractor) "on the ground."

This can be done with locals on the ground but I would work on getting that setup first if it was your plan.3. 

I’m looking in the Southern NH area and I’m finding more properties that seem to work as owner occupied compared to straight rentals. 

If this group of tenants moved in 5 years ago, compare the gallonage of water used  with what was used before they arrived. 

One comment I notice on my reports says "The balances on your accounts are too high compared to loan amounts." 

I've invested in/renovated a number of single family properties in the suburbs of Philadelphia (Mainline), with values ranging from $400k-$1.3m and decided to tackle a significantly larger project 6 months ago; comps were incredible with high sale prices and very low days-on-market, it looked like a home run.The loan is under an LLC but with a personal guarantee; the renovations are complete and the house is beautiful, but the market has been unbelievably slow compared to the previous 3 years, on which our financials were based. 

I was comparing apples to apples but apparently an LLC through another business avenue is treated differently than RE.

The prices seems good (I hear a lot of people saying its over-valued but when comparing to CA prices, it seems much better and affordable). 

It is a bit scary making a long distance investment, but I have multiple people on the ground who are co-investors, one of whom is managing the property.