Some people will say leverage, leverage keep growing but it depends on your risk tolerance.I would keep in mind the global cash flow of your portfolio, because while a few properties not cash flowing is fine, if you have 30 and none are, that would be concerning.

Memphis is a major transportation and logistics hub, home to FedEx’s global headquarters and a key center for shipping and distribution.

But they (proportionately) got significantly better since the Global Financial Crisis, when their unemployment rate was above 20% and their young employment rate was way higher.$60 to $120 for a room isn't bad.

Currently at a large global firm (at Houston location).

Also, a colder climate is better for DC.So from this aspect we can see something that's not too obvious, while the job and population is moving to the south, data center or internet data is actually moving to the north lol You have LNG coming on in 2026-2027, making natural gas even more globalized as a commodity.

This is just global trend. 

But if you look at other global macro trends you see other things forming quicker and I won't get into that, but that doesn't mean this isn't coming.I'm very tempted for the first time ever to sit 100% cash and watch, I may do this as we enter first business week of June.

Instead what's in discussion is putting a "global cap" on the number of STR licenses available in the city.

It's a recognized destination globally with over 70M tourists a year.

You would be surprised but I have read resumes with mispellings, poor grammer, etc.I would recommend generating a comprehensive global cash flow spreadsheet that includes all of your RE owned.