The latter idea can be risky, but find experts in that area and it may really cash in quickly for you.You are right that Austin is among the hardest markets, as will most markets in Texas be, but the appeal isn't going anywhere any time soon.

Be among the first to become wealthy in the ranch DPP field.

The great thing about partnership vehicles is that you can dictate how profits/losses are allocated among the partners.

So they tend to have among the best leases in the state for residential rentals.  

Coastal properties are always going to be among the most expensive.

The property tax here is highest among the three.

The newer homes tend to be higher demand among the retail market and hence pose challenges to get at lower discounts or be in the 1% rental neighborhoods.

Here is some other information on the area.Business Intel Corp. has named Northeast Ohio as one of the 3 top Digital Communities in the U.S.Northeast Ohio is one of the hottest entrepreneur regions in the nation - (Entrepreneur)Ten Fortune 500 companies are headquartered in North Eastern Ohio including: Goodyear Tire, Cliffs Natural Resources, First Energy, Sherwin Williams, Eaton, Travel Centers of America, Progressive Insurance, Aleris, Parker Hannifin, Key CorpRegional Banking Hub: home to one of 12 Federal Reserve BanksNorth East Ohio Employment Cleveland is among the Top 10 job markets for new college graduates - (CNN)The region employs more than 120,000 healthcare professionals, including 35,000 at the Cleveland Clinic and 14,000 at University Hospitals70% of Fortune 500 companies have a presenceMore than 400 bioscience companies offer new life science researchHome to 27 area colleges and universitiesCleveland’s Metropark System is home to 22,000 acres of various landscapes and a major contributor to the economy attracting more than 42 million commuters annuallyLiving Northeast Ohio boasts more lakeshore than any other metropolitan area in the worldCleveland is the second largest live theater district in the U.S.Home to four professional sports teamsHome of the Rock-n-Roll Hall of Fame with 7+ million visitors annuallyCleveland is one of the Top Cities for food lovers with over 1,000 food places and many famous chef-restaurateursCleveland Clinic named a Top Four Hospital in the U.S. and #1 heart hospital in the nation for the past 18 years.University Hospitals named one of nation’s best hospitals - (U.S.

I dont want to get the cart ahead of the horse, but here in Colorado tiny homes are emerging to be highly talked about...even among the investor community Im in touch with

It just seems this may not be a broad winner and was overhyped among the various real estate investing communities.