Utah - looking for 2024 local RE market nuances: SLC, Lehi, Orem, Provo etc

[Shawn W.]

Hi everyone! 

I'm looking to understand the local market differences among the cities in Utah - Salt Lake City, Lehi, Orem, Provo (or others), for Single Family or small (2-4) Multifamily Rental property investment. 

-Job growth/economic trend in the local pockets 
-Is the 'silicon slope' (Lehi) overrated/saturated? or do you see continuing growing trend in that/nearby market?
-Any local policy changes trend? ( perhaps related to STR vs LTR, if I want to have additional options - mainly planning on Long term rental)
-Areas that are looking better for cash flow?
-Utah has been hot for a while, so I'm hoping to see what are some of areas that's still a safer bed in 2024. (looking to make a move in the next couple of months!) 

I'm a remote investor, currently doing my market research and has zoomed into Utah. This will be my first 'real' investment (after accidentally got into RE investments previously) so I'm hoping to keep the risk level lower if possible. 

-Hoping for affordable (relatively) options - from which I can also afford to learn my lessons and get my feet wet. 
-Looking for areas that has safer cashflow (even though I understand it's getting harder and harder). Appreciation would be great but that's something harder to predict.
-Appreciate any suggestions on under the radar areas or pockets outside of the areas that mentioned. 

I would love to connect with a team as my next step!  Hope to get some general ideas and zoom in more first, so I don't waste anyone's time! :)

Grateful for any advice or resource! 

Thank you!

Shawn