This will cause population growth as people look for affordable places to live.What lesser-known markets are you currently researching, and what specific metrics are you using to evaluate their potential?

For a first time investor, I definitely recommend house hacking for most people as homeowner loans are by far the best in terms of rate and LTV. 

You'll learn what contractors are good at such repairs, and eventually people will start bringing you "problem properties" with that issue.Another related idea: contact a good local realtor and ask them if they know of any on or off market properties that would be a hard sell for most buyers. 

People don't use Airbnb much in my area.

You'll have a property manager do the management (so you being close to it is not needed).Yes there are risks for some people to go out of state but if you learn the techniques like I have, you'll see it's actually easier and far less risky.

The reality is that this isn't people crashing on the couch while we're out of town anymore. 

All of those people also get credit/background checks. 

Are people moving in or out?

Get knowledge, follow experienced people, and leverage wisely.My Take:If you have two houses, excellent credit, and motivation to build wealth, you can learn to manage your money responsibly.Use HELOC, credit cards, and business credit funding to leverage your cash and buy properties faster.

The five people you spend the most time with will influence you.