The 2 main things you should be looking at is net migration and jobs.

I live in miami florida now and I moved for larger scale developments here because of the net migration but columbus ohio the economics allow for that. existing inventory has been tougher and at the pricing inc columbus you may as well build new because you can build new less than replacement costs in a lot of the markets downtown. it's about being in adjacent downtown neighborhoods where property values and rents are higher. land values are the biggest driver of how well you can buy land to develop followed by permitted uses or rezoning applications. 

I looked at almost every market in florida before I relocated from columbus ohio because miami Dade County has the most net migrations in the entire United States for one county. we build it in columbus ohio and it is worth approx 215k a door but down here all you'd have to do is change the assemblies and in miami that triplex would be worth more than 300k per door so closer to 900k depending on where you built it. new construction single family homes are going for around 330 per sq ft in the same area and a triplex is considered residential. by building codes a 4 unit is commercial I'd recommend 3 unit first or going as many units as possible if you have backing or your own cash. for each one we do we recommend 100k of liquidity. 

I transitioned my business into AppFolio and am currently migrating out of QBO to only use AF for everything.

What if there is negative migration? 

For us in CA we are sustainable because our income is large (400k per HH) and money keep flowing to tech sector.For other guy they are not sustainable as it's based on investment or migration.

Hey Bob, population change includes net birth/deaths as well and is not migration, which can confound the directionality of growth.Alaska for example has a birth rate above replacement rate, but barely shows any growth because net migration is negative.Quote from @Bob P.: I tend to like to invest where there are jobs and where people are moving to********************Ranked: Population Changes in U.S.

Really hunt for a deal- remember if a property is cash flowing changes are the seller wouldn't be selling unless there is a point of distress.Just throwing it out there- I live in the Stroudsburg PA area- here I have seen rental rates and property value absolutely skyrocket post covid due to the migration of people out of NYC- maybe look for areas like that that are more up and coming.

The real question is how many units are being built and what does net migration look like on top of demographics.I can answer the question for my market Milwaukee, because I have been tracking these metrics locally for the last 10 years or so.

Hi everyone, I just migrated here in the US for around 6 months now, and I'm really fascinated with real estate investing and its potential to change lives.