So i guess it comes down to whether or not the state supports the CAP rate that you are targeting, and then deciding on a deal per deal basis.But i would definitely stick to my home state whenever possible.

has a good point in you should target smaller banks if you're trying to obtain financing yourself.  

Does this environment suggest to anyone that SFRs are a better target (with all things being equal and outside of a great purchase deal)?

If you are paying cash its going to be tougher to find the house, but your cash flow targets are easy to hit.

@Josh Calcanis,So long as the "paper trail" leads back to you, you're a target.

I plan on going to my local REIA and trying to build my clientele there; I am wondering on who all I should target for my cleaning business?

looking to get back into this and would like someone who can help me target properties

The town is tough, there is not a ton of inventory and unlike Meriden where I normally work, there are simply less buyers.In the end I was satisfied with the sale time and price, satisfied with the renovations and costs other than the septic and extra holding costs (would have been on target taking those both out), but the length of time with the house and septic hit both hurt.I consider it the cost of business, learn from it and do better next time!

function of the soil... its just not anything the folks that sell these homes talk about.. why would they same with RE agents.. however if you take trip there and drive around and look at vintage homes that are 99% of your rental targets you will see the brick work in the corners separating or filler in it.. sometimes its just a few grand.. but other times its a major issue.. as your plumbing is in concrete foundations..

Plan your renovations to be the most appropriate for your target market.