It all depends on what your goals are and the risk profile of the property the region etc etc

The challenge is that I feel most investors are presently selecting regions of the country based on intuition and word of mouth.

The HELOC is best done with a local credit union or regional bank as they offer the best rates.

There are some regional banks doing stated income HELOCs.

Maybe a metro region if a city isn't large enough - or do a state or even a national one. 

I am looking for recommendations for contractor in Toronto, Ontario to add shower to an existing powder room.Much appreciated for sharing names...

Start now and talk with local/regional banks to understand what they're going to want to see.

If you have a 7 cap in the lower ranges it usually is a dollar store in a crappy location, a credit tenant in a good location with a few years left on the lease requiring almost all cash to buy, or it's a regional to mom and pop type tenant where the interest rate instead of the 4's likely mid 5's.The national STNL lenders like national credit to strong regionals.

I now live in Secaucus, NJ and work on Broadway and regionally as a lighting programmer for theater.

There is a box on the West Michigan Regional Purchase agreement ( maybe paragraph 13 I think) that states how the current year taxes are to be split.