This town is growing and probably 10 years out from being fantastic. 

Purchase price: $189,000 Cash invested: $40,000 Mid-term rental property in a college town.

Purchase price: $189,000 Cash invested: $40,000 Mid-term rental property in a college town.

Purchase price: $850,000 Cash invested: $500,000 Sale price: $2,250,000 Purchased , knocked down, built new from ground up What made you interested in investing in this type of deal?

He built the office into a home also.

I assume mountain towns are my only option for cooler in the summer without humidity. 

Investors should keep an eye on its growing infrastructure and amenities.Huntersville: A family-friendly suburb with excellent schools and amenities, Huntersville is a solid choice for long-term appreciation.Davidson: A charming college town, Davidson offers steady appreciation and attracts higher-income tenants.Belmont: This small town near Charlotte offers more appreciation potential than cash flow, driven by its desirability and quaint atmosphere.Neighborhoods Offering Both Cash Flow & AppreciationConcord: A tricky yet rewarding market, Concord can provide both cash flow and appreciation.

Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

Part of this is sentimental value (wife's grand father built the house) but I don't want it to be a money loser. 

If you can get a better deal on the home due to age its a fine and if you need financing banks do not judge year built.