My business partner and I purchased a 4 plex property in Grand Rapids Michigan.  

We are seeing these developed rapidly around here - West Hartford, Simsbury, Avon, Farmington the list goes on. 

As I’ve written previously, the Top 20 builders have been rapidly gaining nationwide market share (>50% in 2023 vs. 33% in 2013).

It is a great, rapidly appreciating neighborhood, with the opportunity to buy at a discount and value add.

Louis may not experience rapid appreciation like some coastal cities, it has shown consistent and steady growth, which is favorable for long-term investments.Diversification: Investing in a different market can diversify your real estate portfolio, reducing risk.Considerations:Neighborhood Research: Research neighborhoods thoroughly.

I think the key is to do these during slow or at least stable times and not during major market shifting factors like the interest rates increasing rapidly.  

Sounds like you are experienced and Huntsville has been growing rapidly -

Some of your properties may be rapidly appreciating while others may be stagnant or losing value.

It has low purchase prices still and it's appreciating rapidly.

These loans are based on the cash flow provided by the property, allowing investors to rapidly build their portfolios without substantial down payments.