I heard that it's a booming market and lots of people flocking to this area.

Porto is a booming tech hub with increasing tourism and still cheaper than lisbon.

@Patrick Reagan  Something else that wasn't mentioned is that, in many jurisdictions, courts have ruled that landlords can't collect or even request rent from a tenant in an "illegal" unit. 

That is the problem.When you do bad SEO, you WILL jump in the ranks, and then months later, and sometimes even years later, BOOM Google drops you when they catch up to you.

Price, Utah is a great small town ready to boom with the mine industry growing strong along with being the home to Utah State University, Eastern.

As a native Californian and having been in CO for 10 years, the boom-bust cycles are annoying; might as well play at the casino. 

I recommend the major cities in Ohio:-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily https://learn.roofstock.com/blog/columbus-oh-real-estate-market-Cincinnati, has a mix of cash flow and appreciation, with average multifamily around $180k. https://www.noradarealestate.com/blog/cincinnati-real-estate-market/-Cleveland, has a lot of cash flow potential, average multiform around $140k. https://learn.roofstock.com/blog/cleveland-real-estate-marketThere are other smaller markets like Dayton, Akron, and Newark, and we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kinds of areas.

With rates as good as they are, and our economy here holds steady (again, lots of commuters to Columbus, which you know is ever booming). 

Then when you need it for something big...boom.

If it is an existing complex, try to see if you can renovate the majority of the building or raise rents but I would use leverage since I believe a refi boom could occur at the end of 2023 or beginning of 2024.