The shortage of contractors in Akron right now worries me.

It is because of the housing shortage and difficulty finding decent units to rent.

As you stated the shortage of inventory will be the main driver and until that changes, we don't see any substantial downturn for most of the US.  

There is a severe shortage of single fam rentals in the neighborhoods where I own single fam rentals.

We are dealing with a big housing shortage in Fresno and it doesn't seem to be ending soon due to the fact that the city of Fresno is not able to annex much more area from the county to build on.  

No shortage of land, Texas is big and there is no end to the amount of flat land that can be built upon.I am not saying you can't find good investments in Texas but I think it is overhyped.

I think it is safe to say everyplace in the country has a shortage of decent low income housing in the private sector. 

In my preferred market currently there is such a shortage of rentals that as soon as I can flip a unit I can have it rented.

This was easier for us in the Atlanta market since there's a shortage.

You mentioned that there is a housing shortage in the area and it sounds like there is no multi-family properties worth buying on the MLS.