At the risk of pointing out what might be obvious, the "best" real estate market for an investor is where the investor has key people on the ground to provide lead flow, state-specific procedural knowledge & tradespeople to take the deals down.

many hospitals and patients are canceling procedures, resulting in not enough work. obviously not in all areas, but enough. most of us will get the virus eventually.

Many tenants get spoiled by an owner landlord and are upset when their new PM landlord is following procedures.

Each state has a Division of Real Estate who oversees broker operations & requires broker's to adhere to incredibly strict accounting procedures, audits and care of all of this money that flows in & out of their hands that is that of the client's (you) or the tenant's.

Standardize due diligence, project timelines, and financing procedures.

There's plenty of opportunity for small multifamily around the metroplex that will generate better returns and fit more neatly into your existing (successful) policies and procedures than seeking riches from afar. 

Important things such as tax law, remortgage procedure and availability ( as we're not local), buying and selling procedures and so.

@J Scott has processes and procedures in place to allow him to manage his properties effectively in short period of time.

It has forced me to rely on others for help and to create systems and procedures for dealing with problems.

Each has it's own internal policies and procedures, each has it's differing level of cooperation with housing providers.