I take it you're not Edmonton based, so you'll be competing with other's who's numbers don't make a whole lot of economic sense once you factor in the value of their time.- Most of the deals that came our way were for 60-70yr old wood frame buildings, that had been owned by their current owner for 25+ yrs, and we felt there was a definite risk that the economic viability of the asset was less than our planned (buy and hold) time horizon, and we were also highly skeptical of the insurability of some of these buildings or that the cost of insurance would not balloon once the ownership transition forced the insurers to reassess the building.Ultimately we pivoted to retail/light commercial mixed use properties.

The area’s economic development is strong, supported by tech sector growth and proximity to several major cities like Nashville and Birmingham.4.

If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.

Mesa and Gilbert are growing rapidly due to strong population influx and economic stability, making them particularly attractive for long-term investments.Why Mesa or Gilbert?

Since real estate tends to have a lower correlation with the stock market, it can serve as a stabilizing asset during economic downturns.

Look into local economic indicators, such as job growth, population trends, and migration patterns, to gauge potential demand in specific neighborhoods.Rental Demand: Investigate rental demand in the areas you're considering.

If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.

We're finally seeing some of the incomplete developments being back-filled, yet dilapidated suburbs and subdivisions are found in areas where economic development slowed and later stopped leaving job loss and abandoned homes in its wake.

While it's true that some Floridians are moving out, particularly due to rising insurance costs and other economic pressures, Florida continues to see a net influx of residents.

Also, improves your position in pricing should rent prices turn bearish unexpectedly during your vacancy time so you can be flexible in pricing in negative economic environments.Con's are more on the side of the whole concept of using the long term locked-in period with the bank essentially utilize inflation to 'short the dollar', as well as the more rapid diminishment of the mortgage interest paid tax advantage.All in all it is safer in a lot of respects to get to that property free and clear, but the major downside is missing out on the additional value that is derived from the power and monetary benefits that come from having a healthy expose to mortgage and other forms of financial leverage.