Comparing the NY & FL markets you also have other elements like heating and snow removal which usually fall on the landlord. 

I think investors who are simply comparing the difference in cap rates between investing in California market and the Midwest are making a mistake. 

Our “boots on the ground” approach bring us well-researched, well-priced investment opportunities, even in sellers’ markets.An example is our latest acquisition, The Fletcher Southlands.

I am now self-managing the rental, but when I need boots on the ground paying a friend. 

You need to compare asking price with sold comps!

@Phillip Tamez, I determine the mid-range rent utilizing comparable rentals in the area.  

There's a middle ground that will appeal to each of you. 

I did something similar when I started I picked 3 cities after doing tons of research visited all 3 and made a decision.When I visited I saw they were building a new monorail in CLT and decided to invest there.Another thing to consider to make your life easier is compare flights from your home base.

What a time it has been...just wanted to let everyone know im good ( for the ppl that care) lolSo in my last 12 months ive done almost 2 mil already and pipeline is steady flowing.I am happy to say I have now accepted a position as a closing agent at a NE Cleveland investment firm.Did it all as a solo agent and i just wanted to say first to everyone here thanks for your words of encouragement and advice....This real estate has changed my life in so many ways...I got my first rental and currently house hacking, my mindset is so unbelievably unmatched compared to fellow agents.Things are finally turning around ( prayer hand emoji)

The original MH burned down to the ground sometime back in 87 from the wood stove.