Not only is it very hard to cash flow in CA, the tenant laws are heavily in favor of the renters, and anti-landlord. 

Small towns may rely too heavily on a single business or market segment.The following filters are mandatory for every city.

This will depend heavily on what kind of tenants your properties appeal to.

I would also check to see if the current owner has a flood policy and sometimes if they bought it when the area was mapped into the 100-year flood zone they may be getting a heavily subsidized policy you would know this by looking at their policy for the words grandfathered, and one last suggestion is to see if there is an elevation certificate.

It depends heavily on the experience and strength of the operator.

I heavily lend in Clarksville on investment properties.

That being said, your "risk tolerance" will weigh heavily in this decision making process.

I am planning to start investing in real estate but I have two directions I could go:First - Buy cheap lands in the outskirts of city and wait until demand goes up in 10-15 years then sell at higher price for the highest bidder.Second - Buy affordable apartments (approx. each apartment is 60% of a price of a single land) and rent them out.I live in a city where population is booming and so are real estate projects with new buildings and districts are being heavily developed, sold and rented.

BUT there are a few areas like regal palms and bahama bay that still do well cash-on-cash and u can theme heavily and REALLY maximize your returns b/c there is such a small area to theme.  

Hello,I am heavily considering  purchasing an investment property/ airbnb in New Haven, CT.