Buying outside of those hotspots is not so expensive, but yes, prices have increased since the lows right after the hurricane. 

I’ve got an opportunity to buy a rental house potentially for zero down, but I’m not sure if this is a good deal or not.

Investment Info:Single-family residence buy & hold investment.

Buy out of a local portfolio or don't buy?

That is no excuse for buying a bad deal.

@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.

Ironically it's much more difficult to buy a quality asset than a cheap duplex, as you are competing with other experienced investors and it may take more time.

Buy what is familiar to you and close to you.

Most of my out of state investors are looking to see what financing options are available for BRRR as well as buy and hold. 

I'm particularly passionate about Long-Term Buy and Hold Investing.Outside of real estate, I enjoy Triathlon, Beer Runs and races, and pretty much any outdoor fitness type activity.Excited to learn and connect with you all!