He is also an investor and has brought to my attention properties that aren't on the market.

Someone who knows the area should also know where to spend and not spend money; meaning they've worked with tenants and buyers in the area and know what they pay attention to and what they don't pay attention to. 

The home needs a lot of attention but could work out to be a great deal if bought at the right price.

Is there anything that  i should be paying close attention to?

While we aren't quite as big as California, there are major cities scattered all over the state: Raleigh/Durham/Chapel Hill (The Triangle), Greensboro/Winston-Salem/High Point (The Triad), Wilmington (Major Beach City), Greenville (College/Medical City), Charlotte, Asheville, Boone...just to mention a few.These cities are all unique but many of them are considered to be in the top 100 cities for home buyers in the US (This was based on another article that I found on BiggerPockets, although I am having a tough time putting my hands on it).Ultimately you have to decide what is your strategy, which will be more than just knowing a price point that you are interested in.As far teams of people that could help an out of state investor go, I think that you might start with other out of state investors and see if they have any recommendations.

I started working the Worcester area for my 9-5 and I too have been paying attention to the movement in Worcester.

This is important!! New York State assembly is attempting to further restrict the rights of landlords in the state. This legislation, if passed, would become one of the most extreme rent control and regulation bill in...

Even if you have all the money in the world it won't mean anything if you are physically, and mentally ill and unable to enjoy that money.If you only take away 1 piece of advice from this post it is that nothing needs your attention at 3am.

For the style of complex, care, attention and luxury I consider it an incredible value.

Pay special attention to stress testing the financials, what is it's break even analysis?