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I dunno. I'd suggest you decide on the strategy, then find a property to suit. The reason being that if your financial plan requires you to do a reno and flip in 6-9 months to get a bit of cash for a subsequent purchase, it's no good buying a property to rent and hold.

So you're not interested in the faster-than-light drive I'm putting together?

IMHO strategy is important. It answers the question "How will you make money out of the deal, and when?" My purchasing criteria are: 1) must have potential to be cash-flow neutral or very close. 2) must be able to immediately add value and increase rent through renovation or development...