But ideally you don't tell us, you are just going to have agents pitch their city like @Julian De la Guardia & the sort.

The screening process plays a big role in the odds of collection.

In an ideal world, we'd look to get both, but with today's higher interest rates and rising home values, it seems harder for deals to cash flow. 

Although I probably get killed on transaction fees which is part of why I am not pulling the trigger (along with lack of time to execute well).There are games you can play for increasing your returns in the stock market (sector rotations, rebalancing, being a good company picker) but you lack operational control. 

Ideally, you want to look for markets with a growing economy, diverse industries, and growing population that indicates strong rental demand.

Doubtful this scenario comes into play.

:) Lisbon would probably be ideal

I want to play devils advocate, to have a convincing argument.

The market we are in currently is ideal for such but we need the initial capital and assets (rehabbed) to begin execution on the model. 

Real estate investing is a team sport and at different points in the game different players will play more important roles.