The purpose of the Multi-Family Residential district, also known as the R3 district, is to provide space for multiple family residential development commonly found in an urban environment.

Question for you (and @Chris Seveney): Any thoughts on where the next Mosaic District will be?

Any suggestions as to specific markets with good school districts and solid cash on cash returns would be greatly appreciated. 

Anything in Providence school district, Myers Park, Butler, Ardrey Kell, Mallard Creek, Independence, the Matthews area (suburb), Marvin Ridge, Indian Trail, anything near UNC Charlotte, Belmont Abbey college.

If you are in a great school district or do not pay water this may not be a factor, but in most areas of Cincinnati I would rather have a nice 1/2 bed that has a B class tenants with no kids. 

Once the bars end it becomes more of a warehouse district but that is likely to continue to feed growth in that area. 

We are wondering what the locals consider to be the best school districts and areas to invest in.

You definitely have to be in the right areas streets or school district.

Yes investors are actively purchasing but in my opinion it is good for the district's economy.  

Same school district as the other SFH.I'd say charging FMR is good and if you might even think of it as you losing $400/mo per property currently.