It is growing in popularity because of proximity to Charlotte (about 45 min drive) and Lake Norman but still has a small town feel.

Hopefully he finishes this rehab in February as I hope to have him set up an out of town, large (over 3000’) luxury STR in the spring.When he completes that effort, we will be concentrating on getting him a property in San Diego which as everyone knows is very expensive.  

My wife's sister lives in town and we want to join them.

Placing your own tenant takes longer (usually 3-4 months with inspections), but it gives you full control over who lives in your property, which is a huge plus in my book.

State income taxes: Here's a map showing state income tax rates.Low crime: Avoid investing in any city listed here: The Most Dangerous Cities in America, Ranked.I will add one more location considerationNever buy in a city with any form of rent control.

It's been on a town on the come up for a while.

They cannot arbitrarily make wild gambles because they feel like it - they have to operate within established risk parameters that are approved by several regulatory bodies and internal controls.

That could be a really great deal in 38122 or it could be a really bad deal in a rough part of town.

Usually, they live out of town and want to narrow their housing options before visiting.

You can make more money if you have full control, but your time needs to be considered.