However, some economists estimate we're still a good five years behind the demand.More recently, natural disasters have destroyed the existing housing stock in two major areas: southeast Texas and the gulf states, and a large portion of the State of Florida as well as portions of Alabama and Georgia.

In general it is going to be hard to find properties that meet the 2% rule...though they are out there in the cheaper condos in Temple Hills, Suitland, SE DC on the south/east side of the river.  

For me in the South East I can't see it.

Louis, MO or several other markets in the Midwest/Southeast I would love to connect.

I grew up in Ohio, also live in Northern California and I invest in a number of markets in the Midwest and Southeast.

Here is a link to the community organization working to improve Houston Southeast, which includes Third Ward. http://houstonse.org/ Here is a link to the official City Of Houston Redevelopment Authority. http://www.houstontx.gov/lara/ The above websites are run by the people who are planning improvements in the Third Ward the area.

ITs a town in the southeast part of Missouri.

I'm in southeast CT, so we're practically neighbors!

So basically anything inside the belt line in southeast Raleigh is dicey.

This area Isle of Palms) has some of the highest appreciation in the southeast, and all of the properties that I have sold here to other investors do VERY well- but, again, this is not an area where you can get a 'deal' in this market- you have to pay more, but you will rent very well and make money.