I've been doing some research on multi-family properties and trying to get a grasp on trends.

Hey @Ryan CousinsI know this post is a bit older, but I stumbled upon it while researching how San Diego's market trends have evolved.

For cash flow-focused investments, consider neighborhoods on the west or south sides, like Speedway or Southport, but be mindful of local market trends and tenant quality.

I think the most interesting trend I've seen in the last 25 years has been the rise of good realtors like yourself who understand the power of the 1031. 

I have mine really nicely furnished with good quality furniture and high end finishes (quartz, stainless steel appliances). 

I live in Phx but we do most of our investing out of state, so I’m not also the most current on local trends: so find yourself a good local agent to confirm that:- it’s going to be hard to find anything at < $150k / door.

They can provide valuable insights on current trends, upcoming opportunities, and what’s really working in that area.

If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.Columbus, Ohio is a great market to consider if you're looking for appreciation markets that still cash flow.

I would trend toward the first two on your list, but all have potential.

Neither are sexy or net big gains but I'm moving forward paying attention to trends and ready to pivot as the market pivots.