@Michele VelazquezI would also highly recommend Houston Texas.I personally have rentals in Houston and the surrounding areas of Spring and Conroe.These areas tend to command quality tenants and they have great schools.Also real multifamily investing is very vast and learning about it as much as we can always helps.A local Investor-Agent can help shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

My partner and I are new REI's since 2018 who have employed the principles of the BRRRR method commanding 5 doors valued about $750k plus one door with projected ARV of about $250k by '23Q1 and one other door bought in a tax sale but currently locked in litigation.

I do wonder if them using the security deposit can command additional monies besides that.

Population growth is just one factor to consider; another would be rent demand and commanding prices in the market. 

@Rajiv BmI am a real estate agent and investor in the Houston market.Katy, Cypress, Spring, some parts of Houston, Conroe, Tomball, Pearland are great markets.Rent growth and appreciation is steady.These cities tend to command quality tenants, and they have great schools.Good Luck!

Aaaand it's the "THE SKY IS FALLING" post of the week, yet again.......I get it, fancy people with grand titles speaking of all there superior command of the numbers and math and what not, that they have there crystal ball upon "The Hill" and we simple-simple people just need to turn off our brains and follow. 

It seems like offering this could be a good way to differentiate yourself, and command a higher rent - but the costs may outweigh this.One other concern I have is that, if I needed to use a property manager if I'm not in the area to self-manage, the management fees needed to get the place rented twice a year would really stack up.Appreciate any opinions/experiences people have with this kind of strategy.Thanks,Mike

Student rental leases seem like they can be very profitable considering you can command higher than market price rents in the same house as if you did a traditional lease.

So, I also have been trying to make some cents of this.. you can find 4 plex's and 8 plex's selling for $130k per door (+- 800 sq ft) in a market that will pay up to $300 per square foot for 1 bed 1 bath homes (300 x 800 = $240,000) 2 bed @ 215k, 3bed @ $211k and 4 bed @$193k  found here  http://www.trulia.com/real_estate/Highlands_Ranch-Colorado/market-trends/Thus, the problem is why build a small apartment complex on open land that may command $150k per door with fewer exit strategies and smaller group of buyers, when you  can build townhomes with similar footprint, with a similar door count, a much higher sales price per door, multiple exit strategies and the whole population is your buyer. seems to me the most equitable use of soil would be to build 3 stories with the first story being single floor unit and 2nd and 3rd floor being a 2 story townhome type or condo look to allow for individual sales and possibly sell the vertical units as live in one and rent the bottom.... ah that was a cool thought  ...  

Additionally if they mess things up and or skip out, you have access to compensation through their chain of command.