@Mitchel Eze we manage almost 700 doors and I have my own personal portfolio - all in the metro Detroit area.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseOur analysis is a template you can follow for any city, but doubt you'll find this much info for any other market in the US.

So Medellin is showing good returns as in total property return from rent and capital growth but yields are very low BUT I would say that outside Medellin and a few other hot spots I do not see Colombia as being that exciting a place to invest compared to  Europe because we have such strict green belt and planning laws there has much better long tern growth prospects .... although Brexit in London has been really bad.The other two things to watch out for is that the apartment luxury end is dangerous if your block moves out of the top end just because its getting a  bit older or is no longer in the latest hot area. 

@Travis B. what do you think of this:We've done a "Deep Dive" series on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

The outskirts of the Pittsburgh metro area has a lot of drilling activity, so rental properties are in high demand in areas near drilling hot spots one to two hours from downtown Pittsburgh. 

@Shirley KochoYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseOur analysis is a template you can follow for any city, but doubt you'll find this much info for any other market in the US.

During the summer months, Lake Texoma is a tourist hotspot from water enthusiasts all over the country, making the STR market a premium yield during that time.

The longer the area has been a hot spot I think the adjoining communities like the additional revenue and will be okay with STR's.      

Kelowna has been all over my news feed these past few months as investment hot spot, but I don't have any expertise there as I'm focused on Toronto.

Also, recently build hot spots like Urban Station and the park on Morton seem to have available units. 

In the area where I want to build there is lots of land for sale but not a lot of inventory for completed homes.There is lots of building going around in the area, it is the start of a hot spot.