Florida is the #1 net positive migration state in the country and, although there is little inventory right now, the supply/demand balance seems to be balanced right now.

Yes, Chicago is one of the main migration sources, but Wisconsin is seeing a lot more people moving here.

I was borned cripple, I didn't have an active father, My entire childhood was engulfed in civil war, i migrated to the US and couldn't speak proper English.

Combine that in migration with the massive renter base already present and you get some of the easiest real estate in the world to rent out.

More thoughts... there is significant cap rate compression in Asheville due to in-migration.  

There was mass migration out of the Houston area.

To your questions:sort of, bought my first investment property in 2006 as a live in flip, the recession hitwe took a course correction making it a buy & hold, eventually sold 10 years later and migrated the equity into more B&HWe go after opportunities that meet our tripod of investing criteria (purchase price < 20% market value, $100/door cash flow minimum, 12% CoCR).

., net positive inbound migration).

Disadvantages: Low but rising inventory, valuation increase in all asset classes, long term rentals have not caught up to real estate asset class prices so a lot of properties on the MLS will not cash flow unless you aim to add significant value.Advantages: Competition to buy has been eroded from the market due to economic uncertainty, low but rising inventory, prices have peaked and are now coming down but low inventory keeps the market from more aggressive correction prices, creative ways to increase your cash flow outside traditional long term renting and increasing migration to the area.I know Asheville is in high demand as well and property prices have skyrocketed there and people love to travel there.  

@Melanie JohnstonThanks for the awesome tips of things to check out Melanie 👍I’m actually writing this while at the airport to visit my friends in Phoenix for a Harley trip, so I’ll have to look into some of your recommendations while in town (for 10 days).I’ll check out that group and put some of my thought in a post in there once I evaluate a few of the properties in the area ( I’m curious to see how the multifamily market compares to Chicago’s).Overall I do think it makes sense for me to be more west since that’s where all my family and friends have migrated from Michigan.