You will find lower priced properties in Hopewell and Petersburg just south of Richmond but the rents are lower and the properties can be in VERY bad condition.

I do think the lower price of power is attractive to tech and other industries, therefore, we'll continue to see that grow (T-mobile's here and several data farms just south of us in Grant County (~25 min drive).

We are considering selling our rental in South Carolina and using the proceeds to buy a few other properties. thank you Dave

Purchase price: $250,000 Cash invested: $13,226 Great location walking distance to all the entertainment South Side and Main St has to offer!

We have mortgages on both properties and were looking into using a HELOC on the South Carolina duplex as means of financing a fix-and-flip investment opportunity here in Tampa Bay. 

Doing a month to month agreement rather than a lease provides you further protection, in case things go south and you have to get the tenant out quickly.Good luck!

I think its the best in the south.

It's directly south of Memphis and is a commuter community.Memphis is a great market for rentals, but in many respects Desoto county is better. 

Brunswick and Bath are further south, and in my opinion, are more promising rental markets for long term buy and hold than traditionally mid-coast towns like Camden and Rockland (though I love them both!).

We have saved up quite a bit of cash, nearly enough to fund the types of properties we are looking at; however, we feel that the HELOC would allow us some cushion from the standpoint of not exhausting our cash and in case things went south, we could certainly pay back the HELOC.