People grow up and then move away, at least anyone who can get out does (myself included).

Hi @Tony NguyenThis is true but also is going to have a a few contributing factors, such as the type of rental and how much you are engaged in running the property.It sounds like your research is specific to LTR properties which do have a cap.

My current mortgage is 6500 a month including MPI.

Oregon were i am at is bad with this as well on the resi side.. but on Commercial there is no squatting those laws that resi tenants have do not exist for Commercial you post a 3 day notice and then you can legally enter change the locks kick whoever is in out.. that includes your commercial tenant that is not paying. 

I have been looking at factors that affect where I would like to live (weather, politics, taxes, night life, etc.) but I am guessing that these don't necessarily indicate a good financial investment.

You will be familiar with the area, so you know the ins and outs of the neighborhood, including its amenities, schools, transportation, and safety concerns. 

Lesson learned on going into business without exit plans, I guess...For reasons out of scope here, I just filed my 2021 taxes and the IRS hit me with a $30k capital gains bill (not including interest or penalties).

Consider factors such as desired return on investment, risk tolerance, and investment timeline.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I always advise my out of town and out of state investors to buy the property factoring the cost of a good property manager so you still have the returns you want.