Two things, prices are a bit high right now and the market is very competitive.Attractions - Crossings Premium Outlets, Mt Airy Casino, Kalahari Water park, Great Wolf Lodge, Pocono Raceway (NASCAR)Skiing - Camelback Mountain/Camel Beach in summer, Shawnee, Big BoulderLakes - Lake Ariel, Lake Harmony, Lake Naomi, Pocono Lake, Lake Arrowhead, Big Boulder LakeCities - Long Pond, Pocono Summit, Mt.

You are getting a wholesale price... but also frequently bidding in the blind as to the condition of the property.  

Because I knew I could check up on the job frequently, I felt confident that I could get a good enough experience/product out of the contractor.

My wife and I live in the Moss bluff/Lake Charles area but take frequent weekend trips down to Houston where the majority of our family lives.

Either of these systems are likely to have multiple old repairs and modifications, which are/will become more frequently needed going forward.Assume that subfloors/joists in the vicinity of kitchen sinks, bathroom fixtures will be significantly deteriorated.Virtually guaranteed you will have asbestos containing materials that will need to be remediated, as well as quite likely lead based paint in some areas.Odds are, the existing Tenants are very long term, under market, with fair to poor conditions.

But earthquakes happen all the time, the minor ones that are big enough to feel are less frequent, and they end up being a thing of novelty.  

@Katie Jewell has frequently been the one to setup meetups in the area.A couple of pieces of advice that have been very helpful to me:1.

I am looking very seriously at Fort Washington and Oxon Hill as National Harbor and the new Casino are bringing more jobs to that area. 

I use First National Bank of Sioux Falls frequently.

If the deal won't support these costs then consider not doing the deal instead of putting yourself at risk if things go sideways or south, which happens more frequently than most people think it will.