Buy and Hold: Norfolk (Best Cashflow Potential), VB (Townhomes tend to work well, Green Run is a great area for cashflow), Chesapeake, Newport News, Suffolk (Less Military presence which is why i would put last.)STR: VB (in the proper zones if you have the money $850K+), Norfolk(Ocean View area specifically but have to watch out for the AICUZ restrictions), Leave the restPart of that decision process is distance to that I would need to travel to deal with rehabs, I hate dealing with the tunnels so I would almost always pick places on the peninsula last since I am based in Chesapeake.

If you are good at self managing and know how to play the Airbnb/VRBO game with all the picture tricks, word gimmicks, amenities stuff and you are actively on their platforms, it seems to still be a viable market for the good investors. 

That region will require some risk mitigation, and would be better suited for a local flipper specializing in those types of properties vs buy and hold OOS IMO. 

These scores would vary based on the type of investor (flippers, buy and hold, etc) and different weights would be give to certain variables. 

That's the conundrum and game-on for you.

Investment Info:Single-family residence buy & hold investment.

The local investors are buying for the lower prices then selling to OOS investors and/or holding for their own portfolio.

Looking to buy and hold in South Florida specifically Miami-Dade and Broward County since I live here. 

Investment Info:Single-family residence buy & hold investment.

a flip requires CASH for closing costs and points, a down payment, holding costs, costs to cover any overage you weren't able to borrow...so, the issue with flipping is that (1) it takes capital, and (2) the return is 6-12 months out.