We only consider it because I spend so much time in Northern Harnett for a completely different business, that a house or two down there would be easy to manage.

Without this property I would have spend thousands in hotels and air bnb fees to see my son.

I could spend hours offering bidder strategies.

My question is this- I have 1.5-2.0 million to spend but I am wondering if its best to purchase a smaller building in Boston, Ma Miami, Fl or nicer area lets say 5-7 units or a 20-25 unit in Manchester, Nh or Albany, Ny.

Yes,I am positive on purchase price + repair which is 180k.I didn't value it at  220k.Below is my plan take 20% loan on Property cost=120K  & spend remaining 30K from pocket so basically i am putting 60K towards the property & getting 205 back I dont know if it is a good investment or terrible investment

From my research, a lot of investors spend renovation money in such a strategic way that all their money of reno's is back with them in 24 months (Example below).

If you had a $3K per month marketing budget, how would you spend it to create a consistent stream of motivated seller leads month after month? 

They tell you nothing since you can't spend or save them. 

In Portland spending 30-60 would be reasonable for a trashed property but you could spend 200k if the area allows a total in of 200 plus the purchase price. 

Also, I bought mine furnished and depending on where yours is located and what sort of demographic you want booking it (budget conscious, luxury, local emphasis, etc.) will have a huge impact on how you much you should plan to spend on furnishings and decor.