Incredible infrastructure and public transportation, which are very appealing to the millennials and hipsters that are flocking there in droves.  

Millennials tend to be renters over buyers.

There is a big cultural shift from Millennials to move to cities and it has spurred businesses to invest heavily into Detroit, again.

And Millennials are not the only buyers!

Millennials take action in Real Estate InvestingHave you ever watched an episode or even a trailer of one of the highly fantasized reality flipping tv shows; Flip or Flop, Property Brothers, or even Fixer Upper?

The media and entertainment industry has a huge untapped potential, and people , especially millennials move easily, to better climate from anywhere so demand will grow faster in the future.

In addition, i'd be focusing on where millennials like myself want to live and work and areas where you are seeing a lot of property growth and redevelopment.

With our new law, I see opportunity to build: zero step, accessible units for aging parents and retireesmicro-units for students (CSU Hayward, Berkeley)ADU’s for millennial professionals who are still saving for down paymentgarage conversions (I'm planning for this) I'd love to get your opinions: Are you ADU’s as part of your strategy – househacking, flips, BRRRs?

To answer the question...in my city of Cincinnati this is what I observed across different markets is the following:A - 4-5 capB - 5-6 capC - 6-7 capD - 7-10 capF - 10-12+ capAnd I think...with the Millennials being the largest demographic group and wanting to rent more than buy, we will see cap rates go down even further.So, I am still buying but I focus on value-adds where I can raise the rents significantly.To me, it's no longer buy to get yield play (because the yield is just low) and it's now...buy, increase the rents, increase the value then sell (or refi).

I really feel that the majority of millennials will gravitate to rentals and i think this idea is best of both worlds.