You’ll naturally figure it out from there.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

This comment is kinda Primitive in Nature.

He wanted $60K more for the deal and I was firm with my offer due to the fact that it was a 3/2 but was converted to a 2/2 so we had to reconfigure the floorplan to have a better flow and bring it up to date and take advantage of the natural lighting and the pool.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

It's always human nature to think so.  

If you're buying at the tip top of the market trying to maximize your leverage then naturally you will be looking at places where most if not all of their income potential has been realized. 

Legal egress windows are a must and help bring in natural light into an otherwise dark area. 

@Fabrice ArbaudieBonjour Fabrice.And thanks a lot for the answering my query!

That said, valuations have been so astronomical for years, it may still be a tough sandbox to play in.To your questions:1) Home value for money, regulatory environment, local economy, low exogenous risk (i.e. natural disasters) and available, capable management nearby.2) Yes, but you are going to need management, good systems, and you are going to have to buy things that cashflow with some cushion.