Does anyone have any experience in this very pricey market of NJ/NY/NYC?

Also looking to see more seasoned investors thoughts on these deals and markets and figure out my next steps.

Here are some key considerations and potential pitfalls to keep in mind as you plan this approach:Market Research and Property Selection:Local Market Conditions: Ensure that the Tahoe area's real estate market is stable or appreciating.

Although rents were below market, it was a stabilized asset, fully marketed for sale. 

But liquid to ride any waves or take advantage of any buying or development opportunities.e.

@Shannon L Fogarty the tried and true technique here is to ask other investors in your market who they are using.  

I am doing my own due diligence but would appreciate advice from others in the local area given all the new supply that has come on recently and still to come in the Nashville metro area.My understanding is that this submarket is not that affluent but there is a lot of development going on, is right “in the path of progress” and would offer an experience for Class A renters that is unique from all the downtown development.

I predominately work with out of state investors looking for cash flowing rental property in our market. 

I opted for a more complicated approach which requires a developer and never ending modifications which I anticipated -- yet frustrating at times.   

Different markets have different strengths, and as I understand Detroit is a strong market for cash flow.