2- are there specific markets to look for if one is looking to get into a pre-boom market?

It sounds like you’re ready to dive into some out-of-state investment opportunities, and I’m excited to share some thoughts that could help you boost your cash flow.Here are a few markets that might catch your interest:Florida: Cities like Orlando and Tampa are booming with tourism and have no state income tax, which can really enhance your rental income.Texas: Austin and Dallas are hot right now.

Having face-to-face conversations makes it more personal and less abrupt.

What I take issue with is an GP manipulating ( talking general not this specific thread) debt and then setting best cap super low cap exit range that might be reasonable for a limited period of time if everything goes close to perfect.You have debt and investor sentiment change with economic times and boom that plan is out the window.What likely happened is when rates were low everyone was chasing capital from LP's to leverage and raise less equity per deal.

With Waco’s tourism growth thanks to Magnolia Market, how do short-term rentals affect the local RE market?

But, I would not bet on a boom in rents or prices until 2026 at least. 

We ran our numbers as an STR/MTR hybrid and the numbers weren't super great even with the BOOM in STRs in the area.

We have experienced a tech boom of more than $50 billion around the city in the past five years.

Tenants are typically blue collar and many of them are recently employed by the recent boom in logistics and warehousing that is going on in the area (link below to a video I saw on Twitter that actually calls out Eastern PA warehousing as a desirable investment).There’s definitely a decent amount of investment going on and I’ve seen prices jump even in the past few years so competition is growing as people catch on.https://youtu.be/Yvi4MPHcwj0

Just look at North Dakota and the boom there from new industry..