Based on what I’m seeing, only Midwest markets offer cheap enough prices and high enough rents to make it worth while.

We are looking at a site for development that is 30 acres, the seller put a small oil pump jack that is 15' high.

Delete your profile so people don’t see that you were contemplating doing this in the first place because legitimate hard money lenders can’t lend to you on a primary house for the high interest rates of a hard money loan, but they can for an investment.

If you are talking cash on cash returns that is a 90th percentile return, and may mean you are hunting for deals that offer high upside but also have much more risk or speculation that a typical deal.  

We lived in NYC, a high appreciation area.1.

Inversely,  does a high level of confidence mean that a property is  a good rental property to buy? 

Extremely low vacancy rates, very low turnover, maximized rent trough improvements, create high resident satisfaction etc - all add up to a critical advantage over a 10 year period.I feel lucky that have landed in a market which had both cash flow and appreciation over the last decade. 

We saw it on the market, but priced quite high initially.

Coastline properties tend to be less desirable due to flood plain, lots of severe storms, and high property insurance costs.

I highly appreciate this community, I am learning alot.