In fact the democrats are doing me a favor by letting me be philosophically conservative and pragmatically capitalistic.

,Thursday, February 12, 2009RealtyTrac: Ohio foreclosures ease on moratorium effortsBusiness First of ColumbusRealtyTrac: Ohio foreclosures ease on moratorium efforts [02/12/2009]RealtyTrac: Ohio foreclosures ease on moratorium efforts [02/12/2009]RealtyTrac: Ohio foreclosures soared 26% in '08 [01/15/2009]RealtyTrac: Ohio foreclosures soared 26% in '08 [01/15/2009]Ohio foreclosures drop in November [12/11/2008] > More Search Results Ohio remains one of the nation’s most troubled places for housing foreclosures, but it joined a number of states last month in showing the favorable – albeit temporary – effects of federal and private-sector moratoriums on taking back homes from borrowers.A report from Irvine, Calif.

There are some key observations that could work in my favor, or could be red flags that I'm too naive to avoid. 

Technology companies always favors new things and the first company get there have an edge.

If a seller asks you a question such as "what is my property worth" you have to give them data backed answer that may not work in your favor. 

It also has much more favorable laws for landlords than the other side of the state border as well.No matter which market you end up targeting, be sure to thoroughly vet the teams you are considering working with, including a visit.

Here are a couple links:8 Favorable Landlord States10 Best Places to be a Landlord5 Most Landlord Friendly States

Please let me know your thoughts as I've never prepared a private lending package and I'm not exactly sure if this is favorable enough for my first private loan. 

My wife is all in favor with me.

Sacramento Pros: We live here, can network easily/do some of the due diligence in person, have a better change of the properties appreciating Sacramento Cons: We don't know as many people in the industry, the contractor we like is booked 3+months out for larger projects which doesn't seem uncommon for the area, we have demanding/long hour day jobs that would limit the amount of sweat equity equity we can put in, higher barrier to entry/ability to scale with our capital (due to contractor timeline, competition, price point etc.)Little Rock Pros: We used to live here and have a number of contacts in the area including a realtor that we trust, the price point is low enough that we could scale quicker by not having so more tied up in a single property, favorable landlord lawsLittle Rock Cons: Appreciation is almost non-existent at least in the neighborhood we used to live in (which is tied to top schools), we aren't close enough to do any of the leg work/would have to rely on others/wouldn't be experiencing the trends the same way as living in the area, a chunk of the networking would have to be done from afar vs. in personThanks in advance!