Wanted to get some opinions on the economic, demographic, and overall climate for multifamily properties there. 

What unites all of them is a phenomenal economic growth phase (for midwest standards anyway) and haveing a large body of fresh water just down on the beach.

After a few years through the rough economic crisis in 2008, I was able to "graduate" to commercial using 1031 exchange strategies.

It's up to you what the best and most economical way to do that would be, but I'd definitely make sure they have it.

It may not be possible for an investor to raise rents, or even attain decent occupancy rates.Evaluating this situation calls for understanding a property’s replacement cost to know if it’s economically feasible for a new building to come along and steal away those tenants.

The universal law of economics applies to all businesses in the world.

Wise investors always say, when everyone is buying, I am selling, when everyone is selling I am buying.At the same time so many of our economic fundamentals are looking great.

What you have to be careful of is stereotyping, someone who has a bad tenant then assigns their negative PERSONALITY traits to an entire demographic of people who's only separation is based on ECONOMICS.

It's a puzzle that should induce a coma, but I actually find the thought exercise of it all... stimulating.

And I have fancy degrees in finance and economics and a real estate investment certificate from Harvard if anyone cares lol.