Properties nearby - rent vs price, average rent in the area

But I was never able to get them cash flowing as projected (by the broker), in part because rents continued to fall as newer (and better) competing rooms opened nearby. 

I am located in Fayetteville, NC and this area is great for rentals because of the military base near by.

Both myself and my GF work in MV so if the numbers work we'd like to stay nearby.

@Trino Martinez I have a 60-day notice in my leases so if I’m raising rent I send notice plus list of recent nearby rentals out 90 days before lease end so tenant has a month to research then give their 60-day notice to vacate if they choose.

The subdivision known as Weston Ranch (I-5 on south side of town) seems to be a commute area for Bay Area transplants but a bit light on amenities; Target might be only grocery nearby.

I'm not sure about a MH park or selling smaller lots, but I know the property is zoned as Rural Residential.The appraiser had a hard time valuing the property because it's rural and there were no nearby comps.

There is also a nearby University that helps drive the price of the average rent up a bit.

In Maryland, a Legal Agent is required if the Rental Property Owner resides outside the State of Maryland; including nearby D.C., Virginia.

As other people have said, 250k can get you many options for appreciation in nearby cities and out of state.