For longterm rentals, some things to know are, how to calculate affordability of an area (a function of median income, interest rate, median home price), look at migration patterns (are people moving into or out of an area, what are the trends), business climate (are businesses moving to the area or out, what type of industries, income level, etc), rental amounts,  that's all I can think of at the moment.I wish I would've known more about evaluating markets when I bought my first few properties. 2 of the first rentals I bought, went absolutely no where when I finally sold them about 17 years after I bought them.

Opportunity is everywhere, and my view is once you get into an area of 50,000+ people with a growing, diverse economic base that has reasonably good climate and access to transportation and entertainment.  

In todays climate with this ESA BS, I'd sell out and go all STRs, you'll never have that problem.

Warm climate tile throughout or LVPCold climate carpet in bedrooms maybe wood or lvp in hall and lvp or tile in kitchens and baths In between its a toss up It also depend of course on price of house 

My concern with Florida would be more related to long-term prospects related to climate change.

What is the climate where you are located? 

(A 34 million dollar brewery is scheduled to open up in 2022 off of North Main.)https://www.wltx.com/article/n...I don't think it would be a bad investment but I certainly would monitor it with a close eye. 40k + out of state investor + this current construction climate could equal a mess if not managed properly.

Being that we live in a warm weather climate and high demand, does anybody see an issue with starting a lease in November?

There are other factors that go into a decision to go outside your market as well, such as market cycle, political climate, taxes, etc.I used to own in the Bay Area and sold off my property due to the high taxes and opportunity for better returns elsewhere.Best of luck!

“Buzz off kid go find a loan” probably what you’ll hear in today’s climate