I can also allow a tenant to grow with me - just moved a family from a two bedroom to a three bedroom apartment.Personally the only reasons I would choose to invest in multiple markets is a) because I wanted an excuse to go somewhere regularly or b) for economic/geographic diversity.I had the advantage that my home market was good.

Some times in between there in rougher economic conditions it was getting unexpected vacancies. 

I've just heard that from many people over the years.In general, SC is experiencing an economic renaissance, so it is a good time to invest here. 

It all depends on the market, economic conditions, seasonality. 

If you're in a market thats going through a population exodus, then you are correct that it'll be harder to pass through costs  you are debating macro-economics while ignoring supply and demand fundamentals. 

"I have a very simple criteria for when an area is gentrifying as opposed to just generally improving: If it makes economic sense to buy (at market price) and tear down an existing structure in order to build and immediately sell a new building, then the area is gentrifying.

Will talk with them to verify, but im looking at rates currently from under 5% to about 5.5%.. seems even with their largest LOC its over 6% based on current sofr. 

All of the economics have to be right.

This reflects continued demand despite economic headwinds*Pending sales increased 3.1% in the metro and decreased 2.2% in Austin proper.

I know because I consulted for one of the largest real estate crowdfunding platforms.