Within NB there is an expansion of healthcare and within SM Amazon and a few tech companies are establishing themselves. 

Most importantly, does any of these submarkets have any economic anchors like state government, major universities, major health care centers, or manufacturers that are independent of the economy like military suppliers that employs most of the residents of that submarket?

How about this lets control health care .

However, this is for healthcare projects.  

But I can design an incentive compensation plan for a not-for-profit healthcare system like no one else (my day job)!

My name is Kwon Do and I am a healthcare professional in Los Angeles, California.

Hello-I am currently working in the health care industry and I want to start investing in real estate, particularly in multi-family homes and rehabbing properties.

I would budget 8% vacancy but I've been under 5% in my time owning both a SFR and fourplex.It is a military town, and that is the primary economy, followed by healthcare, schools and call centers.

It is the third largest MSA in PA (~650K residents, ~875K projected by 2040), 68th in the entire USA. 4.4% Seasonally Adjusted Unemployment Rate in January (Decrease of 1 percent over the year), which is better than the total USA.Jobs and incomeJob growth was 0.9% over the year.Job growth in the past 5 years has been particularly high in Healthcare & Social Assistance (5,758 jobs or 12% growth) Transportation & Warehousing (4,567 jobs or 32% growth), and Arts, Entertainment & Recreation (3,877 jobs or 54% growth) according to the Lehigh Valley Economic Development Corporation (LVEDC).

If you focus on the following, you can probably reduce your risk and not have to worry about the area getting worse for a long time:-access to public transportation, job and population trends, rent growth, vacant housing stock in the area, quality of school districtFor example....If you're planning to invest in a town with one large major employer (say a manufacturer) and that employer goes out of business or has a mass layoff due to an economic downturn, it doesn't matter if you own single families or multifamilies......there isn't going to be anyone to rent your units or buy your property.  99% of the time, a diversified local employment base is better (or atleast one that has many employers that are downturn resistant - health care, education, government, etc.)