Here's my feelings but mind you I admit I am not a seasoned investor(which is why I posed this question in the first place);Since it is Florida where a net positive migration will be in the works for a long time to come I believe the appreciation is more likely to happen than not. 

I started with SFRs and slowly find myself migrating towards MF houses and would like to continue in that path.Are you focusing in and around NJ or considering remote/out of state?

@Danny OhThere are TONS of flippers in the Sacramento market, and know some folks that have been here since the early 2000's and have flipped hundreds of homes in the area.But there are lots of buy and hold investors here as well, just closed 4 transactions for buy and hold investors last month in Sacramento.Here are some posts I've written about the Sacramento market that will quickly get you up to speed:https://www.biggerpockets.com/forums/621/topics/586279-investing-in-sacramento-or-stockton-which-one-is-better  https://www.biggerpockets.com/forums/621/topics/590913-rent-growth-in-sacramento-is-triple-the-national-averagehttps://www.biggerpockets.com/forums/621/topics/585796-sacramento-rent-control-101-everything-you-need-to-knowhttps://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushhttps://www.biggerpockets.com/forums/621/topics/398662-heres-what-fixer-uppers-on-the-mls-are-selling-for

We purchased two properties in Upper Peninsula, MI that each need extensive work  - foundation to roof.This is a growing town with outdoor activity and climate migration its primary draw. 

In migration is high, job growth is high and taxes are low.

Just decided to manage it myself instead.As for the Sacramento market, here are some posts I've written that should help you get a better sense of the trends here and where the market it headed: https://www.biggerpockets.com/forums/621/topics/586279-investing-in-sacramento-or-stockton-which-one-is-better https://www.biggerpockets.com/forums/621/topics/590913-rent-growth-in-sacramento-is-triple-the-national-averagehttps://www.biggerpockets.com/forums/621/topics/585796-sacramento-rent-control-101-everything-you-need-to-knowhttps://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushhttps://www.biggerpockets.com/forums/621/topics/398662-heres-what-fixer-uppers-on-the-mls-are-selling-forHopefully that helps you make a more informed purchasing decision.

RepairsThen run for the hills.In Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.Explore all markets but do your research, as to where net migration and jobs are heading.Let me know if you have any questions.

I think there's opportunity for investors in this migration pattern.

The only time where it goes hand in hand is, if the neighbourhood is deteriorating (in the McDonald example is when traffic is diverted when a new road is built, or if there is a migration out of a neighbourhood where business is going down and so your NOI as well as the value of the business).

Hey Bob, population change includes net birth/deaths as well and is not migration, which can confound the directionality of growth.Alaska for example has a birth rate above replacement rate, but barely shows any growth because net migration is negative.Quote from @Bob P.: I tend to like to invest where there are jobs and where people are moving to********************Ranked: Population Changes in U.S.