I have 2 small kids and I intend to spend their school years with them as much as possible. 

Spend some time studying everything about the market you want to buy in.

A big part of the markets is based upon consumer spending from what I understand. 

@Jered Collins I have a few thoughts1) That specific property is on the more desirable side of the tree streets2) If you want those rent numbers, your going to spend close to 10k per unit.

I know how much I have to spend, so I stay strict with my bidding and not go over.

We only consider it because I spend so much time in Northern Harnett for a completely different business, that a house or two down there would be easy to manage.

Without this property I would have spend thousands in hotels and air bnb fees to see my son.

I could spend hours offering bidder strategies.

My question is this- I have 1.5-2.0 million to spend but I am wondering if its best to purchase a smaller building in Boston, Ma Miami, Fl or nicer area lets say 5-7 units or a 20-25 unit in Manchester, Nh or Albany, Ny.

Yes,I am positive on purchase price + repair which is 180k.I didn't value it at  220k.Below is my plan take 20% loan on Property cost=120K  & spend remaining 30K from pocket so basically i am putting 60K towards the property & getting 205 back I dont know if it is a good investment or terrible investment