For southern states, you might want to look at smaller markets in Alabama, Mississippi, or parts of Tennessee and Arkansas where properties are still affordable and cash flow potential exists.

I haven't done any deals yet, I've just started searching for a cash-flowing 2-4plex in the last couple months but I'm still about 6 months from being able to afford a 20% down payment with no cash reserves left for maintenance.Aquaculture is an interesting suggestion!

I don't think it will continue to appreciate at that rate forever or honestly past the next few years but right now where prices are in relation to the median housing price of the surrounding market, the need for affordable housing/rents, etc, many people are continuing to flock to the our investment area which is continuing to push the prices of the properties in Chester up closer to the median housing price of the greater area.In regards to inflation, I don't think the inherent value has risen only the demand for the product itself.

These are becoming very affordable from retailers like Home Depot and Floor and Decor, and they really set you apart from builder-grade homes!

They know they can’t afford a trade war.

Westchester, although one of the hottest markets, has a ton of upside with opportunities for both cash-flow and equity. 2-4 family properties in Westchester are the 2nd most affordable in the NYC Metropolitan area (next to Suffolk County) making it easier to find cashflow opportunities when compared to the boroughs and other suburbs like Nassau.A client of ours in Westchester recently purchased a < $800K 2-family with a detached 3-car garage which brings in additional rental income - from a local business owner with commercial vehicles.

National debt is to high, we couldn’t afford higher interest rates.  

Still decently affordable. 

In Philadelphia the fundamentals are strong: leading industries/employers are in the Education and Medical fields which are known to be stable, proximity to NYC and DC, national airport, port city, affordability compared to mid-atlantic predecessors.

@Tove FoxInvesting out-of-state can be a great way to tap into affordable markets with strong rental demand and solid returns.