Help me deploy $800k cash

[Mike Kalob]

cap rates here in North Nj are pretty low. 

What metro areas can i get the largest building (# of units wise) or is every metro area currently overheated?

I keep hearing about columbus, oh but when i go on the mls cap rates are actually not that far off from NNJ. 

I like texas (robust economy, CA & northeast transplants fleeing high taxes, no state tax, pro landlord)..however i hear dallas, austin, san antonio, and other parts are not cheap per se anymore (same with florida).  

How does houston compare? Thanks