The numbers are the main deciding factor, not necessarily the loving the home or area. 

That said I expect things like carry interest, depreciation factors and carry forwards to be changed somewhat.

These factors include ports/airports, military bases, colleges, hospitals, big business moving in (Amazon, Boeing etc.)

Pick a vacancy factor that is conservative to analyze your deals.

This is assuming other factors too...some states might change how all of this plays out but I would at least consider the deal first.

Housing is cheap because it factors in the risk, like any efficient market.

Also have to factor in sales costs. 

@Chris TedeschiThere are several factors that go into this decision, but ultimately it should be based on your overall asset protection strategy.

Some HMLs/private lenders don't have credit score requirements.This makes sense as your credit score is a good indicator of long-term creditworthiness, but in the short term (like the typical term length of a hard money loan) factors like liquidity are more predictive of timely repayment.Best,Michael

There are a lot of different factors that go into it, like how much time do you have to dedicate to getting your first deal?