The "best market" is less about the market per se and more about the deal you're able to find in my opinion.

Look to buy off market.

.: Quote from @Don Solt: Hi folks, As the topic states I'm looking to learn everything I can about the City of Philadelphia and its real-estate market.

The seller can supply everything they used to market, pictures, ad copy, etc., but they cannot sell their AirBnB account to another person.

Meanwhile, bank money market paying 7.5%. 

I’ve even seen a friend in Austin organize a simple field trip to another city..from what I’ve heard that kind of trip can spark interest in fresh markets.

Hi Anthony-You asked about the best ways to find off-market deals for your in-laws to buy and move into and you are focussed on the Santa Barbara, CA area which I have been to and it is gorgeous.It kind of reminds me of an Ann Arbor on the ocean. :)Anyway, I like your strategy of driving and looking for houses in need of repair and sending handwritten letters and contacting rentals for the reasons you gave.

Plus financing in another market.  

I'm looking to pickup some multifamily real estate but the barrier to entry is crazy in my local market.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)