I personally never would, but I would talk to people that have that can give you an idea of what it's actually like instead of getting opinions from everyone who never have and say it's the worst.Jacksonville, FL has been great from 2010-2022, but there has been a huge surge in building residential from 2020-2023, which severely impacted the supply and demand balance and rents have flattened or dropped from 2022-today.

The underlying fundamentals that drive returns for real estate investors are (low) supply and (high) demand, population growth, high paying jobs (ideally in diverse industries for maximum recession resistance), affordability and desirability.

For us, its simple supply and demand.

Inventory has hit a 6-month supply, up about 90% from last year. 

3- Job Market Growth is still strong in ATX 4- Population growth continues although not at the same pace as the pandemic. 5- Supply side problem - Builders overbuilding creating downward pressure on housing prices. 

When supply and demand are disconnected then the market moves between top and bottom of cycles, but then equilibrium is reached.

Rental income has gone down because of supply and covid money being sapped up.   

So until supply loosens buyers will be forced to get creative and pay up.I don’t think it’s the overall crazy demand like you’ve seen in single families driving up prices- there is just literally almost zero double inventory.I did three doubles last year and still shocked I picked them up at decent prices in Lakewood.

That being said, I think there might be an opportunity for this program to be expanded as the the politicians seem to finally be understanding that they need to do something to fix the lack of supply of new construction homes and I'm thinking this program may end up being a part of their solution.I've tried finding some real meat/details on the program but all I can seem to find is the broad strokes at a really high level. 

WikipediaSustained and significant population growth: Prices and rents are a function of supply and demand.