My market has historically out performed virtually all other markets.

> I'm looking at an opportunity to buy a historic bed-and-breakfast in New Hampshire’s Campton area.

Historic rents must rise faster than inflationThis is the single most important factor.

Most investors avoid these areas because they hear the horror stories without understanding that the real problem isn’t Section 8, it’s poor systems.We’ve placed hundreds of Section 8 tenants in historically “rougher” neighborhoods, and the investors who win consistently do three things:1️⃣ Use durable materialsLVP, solid cabinets, simple paint, and no over-customization.

It sounds like the relationship turned contentious for whatever reason. 

So what triggered this thought in me is that I really think the stock market is overvalued* Cyclically adjusted PE ratio (valuations) are 2nd highest historically, #1 was the dot com bust.

When a historic premium disappears, it’s rarely just about money—it’s about confidence.

Generally speaking, it is better to invest locally- you'll have relationships with vendors and contractors, you can meet with them and touch and see the quality of their work, etc. 

I remember it being a really fun place with a classy historic downtown.

Rates are higher than they were, but historically (ie not the last 10 years) they are pretty normal.