There are no laws restricting mark-to-market rents. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Since I'm based in Tampa, I don't look outside and compare markets. 

It possible that the market will stay low for a long time.

Quote from @Shayan Sameer: Quote from @Samuel Diouf: Columbus, Ohio is a great market to consider if you're looking for appreciation markets that still have cashflowing deals under $200k.

No one has a "crystal ball" to time the market perfectly. 

While Colorado's market can be challenging due to high prices, exploring suburbs like Colorado Springs or Pueblo, or even considering out-of-state markets in the Midwest or Southeast, can open up better cash flow opportunities.

@Tony Schmucker Now that you know all of those markets work from a Macro perspective you should look to see where you want to live for 2-3 years and what your and your wife's income will be in those markets.

Plenty of investors work the Atlanta market but the ROI is better in Huntsville and Atlanta is tenant friendly.

In high barrier markets, rents have gotten stronger but not the double digit growth we had seen, which was an anomaly.