Ideally you know the city, have family in town or used to live there.

You could use that equity to buy way more proprety that spit out cash flow as opposed to a single family which is purely an equity play. 

My family will get several weekends of usage out of it, but most of the time it will be used as a rental.Mortgages on second homes are a full two points better than an investment property.

Are you looking for a single family flip, multifamily? 

I just made a large multi family purchase in Jamestown and hoping the influx of government assistance can revitalize downtown.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

The rent for the single-family home would be $2,500 if the sister wouldn't live there.

Generally there are three categories of multifamily investment properties – which will greatly determine your loan options.These three categories are based on the number of units at the property.2-4 Units: While these are “multifamily” properties in the sense that there are “multiple units” – you will generally have very similar options for financing to traditional residential loans on single family rentals – think the traditional 30-year fixed rate conventional option or DSCR Loans – and the coveted 20% down payment option too.

Our family dog is now helping to bring in more guests :-)https://www.airbnb.com/rooms/581729673846931803

They're still around the $15k.Between paying for a family emergency and some remodeling on another rental, we literally can't afford it at this point.