There has been significant growth over the last 3-5 years with booming businesses and real estate sectors.

Both residential and commercial real estate stand to benefit, as workers will need homes, and businesses will cater to their needs.Historically, large industrial projects have led to housing booms.

That's not exactly an up and coming area -- I'd research who built them - can likely find that by going to the SG County Recorded Docs site or by seeing who pulled the permits during const -- Wichita has been on a duplex building boom -- look at the tax value -- They probably have that or less in it on the build - I also doubt they were built to be quality long term -- things such as the trim/cabinets etc -- they all look like the cheapest stuff a guy could buy - if the cabinets aren't oak and there is MDF or pine trim and pre-hung doors with engineered wood jams I'd run.  2-3 yrs ago for $180k -205 or so you could buy duplexes in Maize, Kechi, Valley center all day to builders that were selling them off to investors - not worth that in that area.

In a nutshell, IL (where I live) too expensive of a market, but WI, MI, OH etc seems like you’d get more bang for your buck. also,  you can look at a City’s  consolidation plan and what their plans are for development to get a good forecasting of housing booms.

BOOM - retirement started with a bunch of cash in your pocket and no tax bill to slow you down.

The smart ones bought apartments for 20K and are now worth 1.5 million plus.They managed to hold on despite the headaches.Gentrification and Lifecycles of a City from Boom to Bust to Boom again are very real.And it happens in every City - from Ancient Rome to modern Beijing.Pick the right City with attributes and drivers for growth, and follow the money trail.Where are the Investments going in?

maybe now the land boom that was predicted in the 20s for palmdale / lancaster and CA city will start to see migration .. we know there are 500k vacant lots in the high desert just north of LA..  

There's certainly been an uptick in available properties over the last few years as some owners have grown tired, new construction is booming in new lots and ones that were lost in fires, & investors who bought in 2020-2022 who may've overpaid and weren't properly set up are struggling.

It’s a blue chip market, with contained downsides and large upsides when the markets cycle booms.

What I take issue with is an GP manipulating ( talking general not this specific thread) debt and then setting best cap super low cap exit range that might be reasonable for a limited period of time if everything goes close to perfect.You have debt and investor sentiment change with economic times and boom that plan is out the window.What likely happened is when rates were low everyone was chasing capital from LP's to leverage and raise less equity per deal.