For cash flow, I'd recommend checking out the Triad (Greensboro, Winston-Salem, High Point) or Fayetteville in NC and Sumter and Florence in SC. 

In this study, new construction is defined as a habitable structure requiring load-bearing features and MEP utilities (mechanical, electrical & plumbing)Below shows which cities have had the most activity:Question: Do you see activity increasing for the rest of Q1?

Here are some key challenges and strategies to overcome them:1.

The problem with using credit card funding is it destroys your DTI and thus lowers your credit score.

I know a little about the phoenix market and agree it is growing. 

They wouldn't be coming to you.So you can get a gold standard investment advisor and give up .5 to 2% of your return, or you can send the money to one or more huge index funds like Vanguard 500 index fund and sleep well at night.But if you think you have something of value other than the generic value of money, you will be sorely disappointed.

Start local and small, then grow from there with experience.

I personally leverage, but have a large rainy day fund. 

The markets open up if you are not planning on doing the management yourself.There are many markets that are growing in population and jobs throughout the country if you are willing to look at OOS investing. 

When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.