Good cash on cash returns take some work, like raising rent over time, doing light value adds, etc..If you jump in and insist on high cash on cash returns from day one you may find yourself in a tough neighborhood.  

God watches over idiots.  

Then what is your concern? 

Hi, yes people invest in Ohio from all over the world but, I definitely agree with the BP members that you have to have a great team for your real estate investments.

So, I do renovations all over the country.

Depreciation: For investment properties, you can depreciate the property over a set period, reducing your taxable income.5. 1031 Exchanges: This allows you to defer capital gains tax by reinvesting the proceeds from a sale into a similar property.Feel free to ask any questions or share your own experiences!

Also remember even with a high amount of financing, the lender will want to see you have reserves to cover the project in case it goes over budget. 

The population has gone from 1,000,000 to 500,000 over the last 75 years.

With that said, to answer your question:  Cape Coral has been well over done. 

Overall, I believe this is a positive, especially with home values in CA.