at that price point just crossing a highway can make a huge difference? 

My wife and I are beginner investors in the Bowling Green Kentucky area. 

Growing up in south Jersey (sicklerville) I know what it’s like to bleed green and white so no harm haha. 

I am currently reading David Greene's book on "By, Rehab, Rent, Refinance, Repeat." 

I cant tell you how many HO's dont pay attention to this detail and it will hurt your curb appeal and your ability to sell if the need arises in the futureIf your siding is yellow dont pick a blue roofRed siding- dont go w green (unless you live at the North Pole)

David Greene has mentioned a few times in his Podcast that 10 years ago you could practically do no wrong.

The annual revenue forecasts are quite substantial though, $50-60k for several single-family properties currently on the market under $500k.I also like your Tahoe suggestion of crossing the state line over to NV, although inventory looks sparse (honestly, it's a thin market for the greater Tahoe area). 

My first investment property is a multifamily that is undergoing renovation with the use of the FHA203k loan and should be done in about 45 more days (fingers crossed).

There is plenty of information on BP but cross-check everything you hear because much of the information is bad.As @Chris Lynch pointed out, it may be easier to set up an umbrella policy.

Small loan of $130000 at 5.5% 30 year, 70% LTV 2 pos and $890 origination on a cash-out OVER the 5th mortgage.Bob Green- see RPLG Rental Property Lending GroupBridgewell- bad ratings.