Surrounded by the timber industry.   

You are sum total of the people you surround yourself with.I am a Tardus paying client, none of us that recently posted get any sort of kickback or referral fee for talking about our experiences on BP (although I do believe there is a referral bonus if you refer a new client...but it is nominal enough that no one is trying to bring in new members soley for this bonus). 

or could we get people from the surrounding areas. 

You'll definitely get the long term appreciation in the San Diego market since our supply levels remain low which helps to insulate our market here, but it will be hard to cash flow on immediately unless you use one of the above strategies I mentioned. 

I started looking in surrounding areas and found that the markets less established or still rebuilding had much higher cap rates.

Austin and it’s surrounding is on the top three list for highest decline and short term rental revenue.

For example, I imagine in a market like Detroit, a neighborhood, at-large, may be filled with mostly Class A properties (in comparison to the rest of the surrounding suburb and/or city); but, I would think that the quality of these properties can be further subdivided within themselves too.

The college has lots of students, and the surrounding areas have some wealth.

Our volunteer fire department invites surrounding departments to participate.

I’ve always felt that if I find a property in an area where "I’d want to live," is usually a good sign, but I’m curious how you go about underwriting a deal.I’m in Phoenix, and I’ve been looking at the surrounding cities too.