Is DFW still a viable investor market?

[Frank Klarich]

It seemed like only a few years ago that it was a bit simpler to make money in the DFW market, but recently I've been hearing a fair bit of cynicism related to buying and renting single-family homes.  Is this true or do we simply need to work harder?  I would like to finally get started investing here, but according to many the timing doesn't sound good.

What's working out there?  What areas are still desirable from an investment perspective?  How are people finding deals?  I know price appreciation and taxes are compressing profits, but surely some things must be working... any direction/feedback is appreciated.