@Diana Martinez The challenge is it's hard to get any of the new construction homes to cash flow in the near future, especially on the fringes of the metro. 

So I definitely think there will be a return to some sort of sanity (or worse) in the next couple of years, Ogden should have a brighter upside than many other markets because it was never a fringe market--only a distressed one.  

I would encourage you to look into housing projects in the greater Phoenix area, several cities towards the fringe of Phoenix are seeing massive growth and can have stronger ROI over the next few years.

@Shaun R. there are several reasons but one primary factor could be the taxation status of the MGMT Co and any fringe benefits you may be looking to integrate

You can stick to the mainstream and go after the same people your competition is (which is totally fine), but you can also build an advantage by figuring out how to capture the fringes that others ignore.I'm not claiming that you *should* do this or that any of this is relevant to your situation since I don't know anything about you, but wanted to at least share the perspective behind how we think about it.

However, cash flowing deals can still be found on the fringes of Metro Orlando.

Listings agents were using the fringes of the system to not cooperate with other brokers as fairly and at the detriment to their clients in some cases.

I was looking for houses with the most amount of amenities in a fringe market How did you finance this deal?

For example 6.5 in Dallas whereas 7.5 in Gulfport MS.These days nothing is over 7.5% cap (unless its a truly off-market deal and a fringe deal under 60-units).

Take advantage of owner occupancy financing and find something you can house hack.Potentially consider option #3:  Lower your budget and look at bit further to the "fringe" neighborhoods of the city to find a more affordable single family home with an in-law living arrangement.