Austin Metro vs Denver Metro

[Bryen Blankenship]

I'm looking to purchase a small multi-family property (2-6 units) in either Denver or Austin metro. Overall cost of living in Austin is cheaper, but the property taxes are much higher than Denver. Both markets seems to be very hot and a lot of people are moving to both locations. I'd like to find a cap rate of 7 or higher in a C+/B neighborhood. I'm in Denver now and cannot believe the amount of construction going on especially in south Denver specifically in the city of Parker. Unemployment in Denver is currently higher than Austin. 

Thanks in advance for your input!

Bryen