Starting in the Twin Cities is cool, but if you ever consider out-of-state options, Columbus, Ohio is a market that’s been crushing it for a lot of new and experienced investors alike.

I love it for several reasons but the main reason I like it is because of all the options it gives you. 

The other thing with comparing these 2 would be MLS deals are easy to find, off market is not.

Mesa allows for ADUs with other stipulations like a dedicated off street parking spot. 

STR → LTR conversions are happening.I personally had six small short-term rentals that we pulled off Airbnb this year and converted back into long-term rentals.

There's generally no MLS so you'd only get access to the inventory your agent has access to if you hire one.A good lawyer will help you with offer and purchase process but you can always hire an agent at that later stage if you need help.Finally, there are very good realtors in Mexico but there's nobody I wouldn't risk recommending to you given that all the properties I've purchased have been off-market through my own search or with the help of a relationship on the ground.

It’s technically possible to qualify for Real Estate Professional (REP) status with out-of-state rentals, but in reality it’s very tough to pull off.

I have my eyes on 2 more MLS properties that would be viable options if the prices drop another 5 to 10%. 

Homes are closing at roughly 92% of list price on average, and buyers generally have more time to evaluate options and more leverage to negotiate.

If you pay off your loan, your "return" on that cash is 8.5%.