Small towns may rely too much on a single business or market segment to be economically stable in the long run and attract new employers and jobs.SummaryIf you want to get off the treadmill and stay off, only buy in locations where pre-COVID rent and price growth exceeded inflation.

In So Cal we have a diverse segment of markets so if people get priced out of one neighborhood they can go to the next.

I suggest starting with a podcast and book on the specific segment of commercial you are trying to focus on.

Some jurisdictions grandfather certain segments and won't allow any modification to the original footprints.  

Presumably, there are segments of the market where it is currently advantageous to buy (prices are down, cap rates are up, foreclosures are up, sellers are desperate, etc) and segments of the market where it is currently advantageous to sell (lots of buyers, such as first-time buyers looking to take advantage of tax credits, investors looking to take advantage of deals, buyers looking to owner finance, etc).

This is an entry-level home and those are in a white-hot market segment. 

As boots on the ground, at volume scale, in all facets of the R.E. segment, here is the conversations going on in response to this and what they ACTUALLY just passed with this vote. 

Multifamily is the segment I want to get into as early on as I can.

I live in the south, and the majority of people in this area will barely allow me in their living room (not the same as up north), but let alone to get to the segment of the population that are experienced, AND willing to bring me on - that's a major problem, and its a disservice to overlook that this can be downright impossible if we just go with the regular go to church, REIA meetings.

LLC administrative costs that will segment the asset into a LLC and if sued, the equity evaporates with the claim.