I would think that 9% is reasonable. 

Consider the tenant pool (neighborhood class), property damage, and think about future capex and repairs.

Assuming  this revenue ruling still stands, it mirrors the SC situation nicely, meaning it would support your acquisition date of the real property not starting until you have taken possession.I think this would be highly dependent on the terms of the local jurisdiction as well, so what might be correct in one jurisdiction, could be completely wrong in another depending on the rights acquired related to the property.But happy to be pointed where I am wrong!

Thinking the Denver / Boulder / nearby areas because I would love to live around there, have lots of friends around that area - including my real estate agent who I'm good friends with, and its an appreciating market. 

I personally think out-of-state investing is a top choice.

However, I have seen some weird listings on this site and it also does not have the best reviews.

Hi All,I was originally searching for LTR properties in Indy and deals are just not penciling in so am thinking of pivoting to BRRR then STR or MTR.

What do you think?

With over 9 million visitors a year and considered the Las Vegas of the Ozarks I would think this would be a no brainer.  

Why do you think purchase contracts are so long and have such small print?