If you look at a lot of data that comes out of markets that are within the top ten and twenty of most heavily increased in population due to work, and or affordability the Inland Empire along with Riverside County/Riverside is always one one of those lists.

I don't need to know manufacturing demand since I don't buy those, they dont compete with me, demand for my product isn't heavily driven by it. 

To start, this is a brief overview of what I have gathered thus far:Condos:Pros-Low Risk (big expenses are covered by reserve fund)-Low cost-Easy to rent (multiple exit strategies)Cons-Low Reward-Hard to find deal that are worth it-HOA or Condo boards can be a pain (regarding all aspects)-Directly affected by any/all units in property-Susceptible to changes regarding condo fees, bylaws, and management.SFH:Pros-Autonomy-Easier to find deal/larger spreads-Can be unique, fate does not rely as heavily on nearby unitsCons-Much higher risk of large issues (plumbing/mould/structural)-More square footage (on average) = Higher cost for both property and renovation...Now this may be all wrong, but if any of you have any insights to add, remove, or add for townhomes or MFH please join in.Till then,Brandon

Jay Hinrichs I hope to be successful when I become an agent and make enough to invest heavily with.

There is plenty more I need to learn but I have been reading on the subject of investing in multi-family rental properties quite heavily.  

It is more heavily owner occupied than renter however.

We are newbie investors (we currently own one rental property in Tennessee, our primary residence here in Denver metro - Parker to be specific, and are heavily shopping for rental properties in Aurora).

For example, do I buy local in Michigan where I can touch & feel or one of the hotter markets like Indy, Memphis, etc. and rely heavily on a solid property management co?  

It is a heavily wooded lot, about 3/4 of an acre.

Welcome to BP Anthony, I am an investor in North Jersey, but in the last 6 months my partner and I have done  4 buy and hold sfr deals  in Darby Pa, Our plan is to invest  more heavily in this area if you have any deals in the surrounding area feel free to contact me