There are loads of resources both in your state/region forum and also the landlord forum.It is critical to vet your tenant well.

I do like the possibility of being located near my investments, though.From what I've seen, out of state (midwest region) has lower prices (although lower rents, too) and seems to be more landlord friendly.

The other avenue I would suggest is speaking with regional banks/credit unions about multifamily investing.

Same as purchase contract as I know it is called different things in different regions. 

The new facilities coming to both these suburbs comes as no surprise as both regions are seeing tremendous growth.  

Wondering anyone in NY region, too?

Lots of really good advice in this thread, I would do research on population growth, job growth, income growth, school systems and if there are big job creators moving to those regions.

I've done this a few times and a few suggestions I would have is 1) Check with regional banks/credit unions as they tend to have more flexible terms and work with you on terms if you want to negotiate, 2) Always ask about fees for loans, especially if titling is needed.

Hi Gang,  Does anyone have any experience/ links to literature of average days rented/ occupancy % on waterfront lakes region properties.

Other regions will exhibit strong trends for appreciation in value, but may not cash flow well due to the high costs of properties relative to rental rates.