A combination of extremely tough long term tenant protections and the economics of short term renting being a lot more attractive. 

There's a mix of younger professionals drawn to the tech and education sectors, as well as retirees attracted to the area's mild climate and cultural attractions.2.

I was on a CA Senate sub committee in the mid 80s that was dealing with what we called antiquated subdivisions as you know CA has millions of those type of lots ( think High desert north of LA..  )  And the situation in Le high and those areas was that if you got got close to full absorption of those lots there was not nearly enough infrastructure ( especially roads) to handle these but to get them approved in the 50s state did not care they wanted to attract people to the swamps. :)

If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.

McKinney is thriving, but so are other parts of North Texas, and a broader perspective could reveal other great opportunities.Here’s what I’ve observed managing a significant number of rentals in the area:Bedrooms and Layouts:3-bed, 2-bath homes consistently attract the largest pool of tenants and have the highest occupancy rates.4-bedroom homes have grown in demand, especially with the rise of remote work, as tenants look for extra space to use as a home office.Square footage is less critical than number of beds and baths.Supply and Demand:McKinney’s growth is driving demand, but the quality of the location matters greatly.

I've heard add 1-2% to your current rate, but it seems I could do a little more than that and it still be an attractive deal for the buyer.Also, I would like to find a loan processing company to deal w/ the payments & record keeping.

Beachfront or properties near attractions tend to perform best.Mid-Term Rentals (MTRs): These are gaining traction, especially with traveling nurses and remote workers.

As I am new to this and looking for cashflow using rentals, one key aspect of this investment is to ensure that the unit rents out quickly and while I do understand that cash flow to begin with might not be attractive, it can be a good investment in the long run if the location is right(as appreciation also kicks in).

There are times when we see deals on the table that won't produce any cashflow or not enough cashflow to meet our target hurdle rate but the tax benefits or appreciation potential may make the deal attractive. 

Class A properties are going to cost you more, have lower cash flow, yet be more attractive to a higher quality tenant base.