I have nice portfolio of rental property in the Memphis area as well and constantly selling good investment property deals on & off market to my clients!

Once you figure out what type of property you are looking for, laying out the repayment period for investors will help as well.

I can definitely say that while the bigger fire we had was a pain... it actually worked out really well... in the end we had a much improved property, and we stepped in and did as much of the work we could do ourselves that the insurance company was compensating us at  'retail' rates for... like painting, and replacing cabinets, and other simple tasks.  

I agree....but the OP should still bear in mind that these Blue cities will still have very tenant-friendly laws in place, so that should be weighed into the decision as well....IMHO. 

I am for sure biased but I would highly suggest using a real estate agent that is a) familiar with that community b) is well versed in selling to non-Mexican citizens and c) has stellar reviews.

It also has considerable risk involved as well. 

I think this program is an incredible way for new young investors who might make under the income limit, to house hack in high cost areas, which will appreciate well, and then afterward they can buy more rental property potentially in cash flow areas.   

We even have a buyer.This was a first for us and honestly, because we get to know our borrowers well, we got choked up over his personal mess.

Aim for 6+beds and theme 3 bedrooms strongly and you should do well.

2 years since I've been a loan officer.. was selling cashout refi for mostly VA but FHA and Conv as well...