You need people wanting to move to the area and unfortunately, at a macro-level we are negative net-migration with a terrible amount of debt handing over our head.   

I represent a number of lenders on environmental issues. if you have solvents migrating off-site, you may not only possibly become a responsible party but also could become subject to toxic tort suit for property damage. your lawyer should advise you on the wisdom of enrolling in the state brownfield or voluntary cleanup program. to maintain liability protection, you need to exercise "appropriate care". doing work pursuant to a state agreement will generally provide you with such protection. you probably wont be able to get insurance coverage for on-site cleanup but might be able to get coverage for off-site claims.

Great net migration, job growth, and rent growth numbers. 

I understand prices are higher closer to NYC, but where would be the areas that people are migrating too?

  (2)  There's a significant migration into the city from the Northeast and not everyone is going to Charlotte.  

Normally, you don't need to know the Global Markets, but I do because this is NYC, an International City.If the Dallas Area has decent FUTURE Economics, then it will cause your IRR to be a lot better and your Negative Cash Flow will be breaking even in years earlier than is projected in my Spreadsheet.There are a lot of Investors here and elsewhere that eliminates Negative Cash Flow Situations (notice, I said situations because it's the Investor that Cash Flows an Investment), but I personally don't.HOWEVER, there must be a compensation for me to put in money into the Investment.Normally, in that situation, for me, I would need to be compensated with a Higher than normal return than what I can get with buying a straight Cash Flowing Situation.I make intelligent analysis on the Future using Economics and other factors, such as City Developments in the local area and the migration of people to that area.I can't really advise you for the specific Dallas Area because I am an expert in my Area, Brooklyn, NYC.

I do see a lot of trade job workers moving to the outskirts like Tracy, where the properties have bubbled up in prices quite a bit recently, but I'm not sure how much migration is happening into Sacramento, which is what probably will drive appreciation going forward@Derek Daun - the loan is 7/1 preferred portfolio with my long-time lender. but the rate was also locked in before the last round of hikes...

Also I don’t think statistics on recent economic migration support that bullish of a conclusion.  

Much of the migration to Atlanta is thought to be from the growing positive perception of the city due to its comparatively low cost of living, warm weather, start-up business friendliness, and growing presence in a host of different industries.

Along with the potential for people migrating there when Denver and CO are considered too expensive.