(I recently saw an article in Forbes talking about the Bay Area’s shifting market) And if you aim to hold properties long term, keep your eyes on towns around the Bay that have had consistent rent growth.Here in my home market of Phoenix, I see investors branching out to places like Austin, Chicago, and even Omaha from what Ive heard because they recognize how trends can shift quickly.

They are usually pretty quick on sending out replay links.

I prefer service over anything meaning a property manager that communicates with me whenever I have a question and is quick to solving any problems. 

If you end up in Cleveland you'll want to read The Ultimate Guide to Grading Cleveland Neighborhoods to give yourself an in depth idea of the market.

Then let them guide you, play devil's advocate and act as the borrower, and cover your blind spots.

With our unique model we allow those to scale quite quickly. 

With Amanda Frecks as a partner and a clear plan for strategic improvements, it was the perfect fit for a quick flip and profit.

This successful deal highlighted our ability to act quickly and capitalize on market-ready opportunities, delivering impressive results with speed and efficiency.

and the only question in my mind is if the landlords will be able to re-rent quickly or if there will be some kind of a 'black swan' event when rentals in DC become completely unaffordable/unattractive.

For quick math you'll need something to the magnitude of 200 units, call it 16 millions worth of multi-family.If you are looking for cash flow, maybe consider buying a business instead of real estate.