Also, if you're familiar with SD you'll know that the further you go from DT/ hillcrest/NP the less diverse it gets and as a young black couple with no kids, we really don't want to live too far in the "suburbs".Because my wife was attending grad school for the last 2-3 years, we tried to live modestly in a small 1bd 1ba 600 sq ft ($1K/m) but had pest problems in the first 2 place we lived in (cockroaches were coming in from an open bathroom fan in the 1st place and from the pluming in the kitchen wall in the 2nd place).

@Caleb Heimsoth thanks for the advice, I definitely want to have a diverse portfolio in the future, but will probably start out with a turnkey 

It is riskier than a more diverse unit mix, but for that demographic, you can pull it off easier than conventional multifamily. 

Account ClosedI don't know Huntsville all that well but can speak to Birmingham - it's been a pretty hot market the last few years but is big and diverse enough that there are still plenty of opportunities for a great ROI while staying out of the rough parts of town. 

Just enjoying the diverse architecture of my city.

If its my 1.5 milly, I'm targeting IRR deals north of 17% IRR, run by professional proven sponsors, diverse assets, metros, 50-100K per deal, cash on cash criteria double digits.

But in markets where the returns a little more diverse, I think there is more value placed on good old fashioned customer service, marketing and what amenities the property provides that will dictate your actual occupancy and nightly rates. 

The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here.

That feels like a good, diverse usage of a burst of cash.

Houston is so spread out and diverse that it’s going to be tough to say “stay away” from this specific area or “go to” this specific area.