So if there is high population growth as well as increased supply of properties following suit then any existing property will remain pretty much the way it is with "normal" appreciation on the property as well as only marginally increasing rent rates (due to increasing cost of living, inflation etc).

I'm just trying to figure out the smarter course of action.Since this isn't really an investment property, and will ultimately just be a hedge against inflation, if I'm lucky, I'm not sure if it's worth the hassle of another move to the unknown.

The market does seem inflated to me in Austin as well but I don't have any experience to base this on besides conversations with friends.

I've considered this because here the market is inflated and in a year or two it might not be anymore and then I might not get the same profit from the sale if I want to sell it.

@Benjamin Pekarek i agree that miami is a booming location but with that the prices are insanely inflated. especially with MF. anything worth getting is insanely expensive or in a neighborhood that i wouldn't walk through at certain times of the night...

You are either selling to a sub prime borrower, or letting inflation eat away at your note earnings over time.

If you're REALLY lucky, you'll sell at the inflation rate.

Finding deals: properties around my selected sub-markets are a tad bit inflated and finding deals that meet the 1% rule (or anything close to it) are hard to come by.

So my expenses should only go up along with inflation.2) Inflation also helps.  

It is a shift in thinking but he sees debt as a hedge against inflation.