And lastly College towns are an easy bet since there are three large colleges in the Three biggest cites in CO!

Hi Tanjaree, here is what I found for the Waco metro area:Here are my rankings for zip codes in the metro area from best to worst-1.76706 (Waco) 2.76638 (Crawford) 3.76710 (Waco) 4.76630 (Bruceville) 5.76704 (Waco) 6.76640 (Elm Mott) 7.76708 (Waco) 8.76633 (China Spring) 9.76712 (Woodway) 10.76657 (McGregor) 11.76701 (Waco) 12.76691 (West) 13.76705 (Waco) 14.76655 (Lorena) 15.76643 (Hewitt) 16.76707 (Waco) 17.76711 (Waco) 18.76557 (Moody) 19.76682 (Riesel) 20.76524 (Eddy) 21.76624 (Axtell) 22.76664 (Mart) 23.76654 (Leroy)The Waco Metro also rates slightly above average compared to the rest of the state, making it a fairly safe bet as far as Texas goes. 

When buying your first rental property, or any, you probably should not bet on rents going up 4% per year.

I bet your ac is set below 80. 

I bet you're getting a lot of hands-on experience with those.Feel free to ask any questions you have about investing or share your experiences as you start your journey.

Ultimately your bet in keeping it is that expenses (hoa fees) stay flat and you see higher appreciation (especially in rent prices) over the next several years.

I bet you already know someone that owns investment property, only they don't "appear" wealthy.Keep working (get a W2 job, or start your own business doing something that will get you around real estate), keep talking, and lead with service. 

For a property like this, even in California, I would anticipate at least a +7% CR.Additionally, betting on appreciation is speculative and not the best approach to long-term investing.

@Alicia Marks- Hi Alicia- I have no idea if you are still checking this, but here goes...I have a small portfolio, yet have managed to place bets in extremely high appreciation markets.

@Yanhua Sappin your best bet is to create a gameplay prior to landing in Tampa.