It has been on the rental market for about 55 days and the average in the area is supposedly 36.

Would this still be recommended if I planned on investing in different markets? 

Plus, you already know the market, which gives you an edge.

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

Housing pressures will vary by market.

In fact, just finished one that I have yet to put on the market. 

You're in a strong rental market, and house hacking a small multifamily in Phoenix is a smart way to build wealth.

Cleveland is a great market if you know how to navigate it and have a good property manager.

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

It is a very competitive market and units in the tens of thousands.