I grew up in Sacramento and my company, Chalet, currently manages properties there, so feel free to shoot me a message if you have any more questions about the area or rentals in general!

I grew up in the hood.

I grew up in Folsom/Roseville and am one of these millennials you're talking about and can attest to young people skipping their 1st home.  

I grew up in Racine but have not lived there for almost 25 years.I am looking to possibly invest in that area.

I grew up in southeast Michigan, north of Detroit, so I know the area pretty well.  

A person who grew up in the hood might consider B and A. 

It probably stems from the fact that my real estate investor parents are very frugal, and I grew up sorting our garbage into burnables and non-burnables, saving everything, and never spending money unless it were heavily discounted or a tremendous value (hello all you can eat buffets).

Unless you personally know the seller or grew up in the area, likely I know my target area as well as you. 

You have to wonder what kind of conditions they grew up in or where this type of behavior comes from. 

You are short changing yourself by not investing locally in arguably the most profitable real estate market in the US.The above property is on the street I grew up in and is the exact same model my parents bought in 1967 for $17,000.