Are the typical tenants in the downtown area (around fountain square, Bates-Hendricks) people who work in tech and are usually millennials?

@Kyle Grimm I started out in life insurance... literally almost starved to death selling $20/mo life policies to millennials.

@Neil S.I can't speak about SoCal, but since you're from the area, these two posts I wrote here about Stockton and Sacramento will definitely apply to your situation:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushhttps://www.biggerpockets.com/forums/627/topics/424510-how-to-invest-in-stockton-ca---a-detailed-overviewCheck those out and see if it sounds like something that might interest you.

I think that is typical millennial fantasy and you see people like that all the time who tell you about their latest get-rich schemes. 

It isn't the house and kids that slowed down the Generation X-ers, it's the spending habits found in every generation, even the millennials, I see Millennials making terrible financial decisions daily, and the generation after them will do the same.        

The millennials want to be downtown and are paying top dollar to do so.

There is not much new construction of apartment buildings going on around here (the only new construction are in the luxury apartment space - rents of $1500-$2000+/mo) but given the Millennials preference for renting and renting apartments, the constricted supply and increasing demand results in increasing rents.

@Kaitlyn Nesbitt positive in-migration from the largest renter profiles (millennials and baby boomers), positive population growth at the City, submarket, and tract level, minimal crime, above average job growth, greater than 35k median income at the city, submarket, and tract level.Would love to chat about where I find this info, we're constantly evaluating cities, submarkets, and neighborhoods around the southeast to make investments.

I personally don't believe that real estate values will recede more than 5 to 8% (if at all) as supply-demand is still in our favor and the new buying generation (Millennials) are still buyer-driven and will continue to drive demand, barring anything more drastic than the current economic factors. 

This could be generational, Gen X and Millennial are more likely to use social media as a business tool.