The higher ends are full houses or apts with amenitiesProperty is located within blocks of a Cal State University so rental demand may be consistentCOC ROI is fairly low, but I’m comfortable getting a ~5% return on my first deal if it means that this is a learning experience.

The property located in Peninsula with attached garage. 

As for the remote locations, I've considered Indiana and Michigan because I do a fair bit of traveling there for work and know that I'll be able to check in on the properties periodically and meet with my team on the ground. 

@Andre WilliamsI'd interpret that as yes the land is where the value is based on it's location.

It is tempting to think of exotic locations when it is all a future goal.

It's right down the street from the meeting location, if any of you can make one or the other?

I would rather overpay a little bit for a nice property in a great location, then hunt for some super deal on a so-so property.

A lot of this comes down to location though.

I'd prefer Central NJ location, Middlesex County.

Foundation issues, location (located near heavy traffic road and neighbor with poor maintenance), incorrect comps ("House wasn't part of the better subdivision"), etc.