In the right areas, it seems like the rental market is healthy there as well.

Over the next three years, we will invest approximately $4-5k to update the units to modern expectations, and be able to see a healthy rise in rent and reduction of time to fill.

is it healthy?

@Kristine Thompson, if the association has healthy reserves, and proper insurance, and you have documentation in writing that HOA addressed the issue, you should be good.If no propert documentaiton that issue is addressed, contact HOA in writing and ask them to provide more documents/photos that issue got fixed

When you have that down and are doing a healthy number of flips per year, maybe it would be worth getting your license to make commissions on acquisitions and dispositions.

Margin loans are interest only, so you'll want to design a portfolio that earns healthy dividends/interest to subsidize that cost if possible. 

End goal is to put an investment and management in place as it will possibly be an out of state situation (unless I house hack)The midwest has been great for cashflow investors due to healthy economies and population growth.

Here are a few key factors to consider when choosing a market:Economic conditions: Look for markets with a strong economy and job market, as these are typically indicators of a healthy real estate market.Population growth: Markets with a growing population tend to have more demand for housing, which can translate into higher property values and rental income.Affordability: Consider the cost of living in the market, including housing prices and rental rates.

And we're talking investor loans not primary.I am fine in Nashville, already have a healthy portfolio there.  

If it is well water you have to make sure that well is healthy and viable for the long term.