I have to agree with Merritt - fresh water and moderate climate are going to be increasingly important.

Wanted to get some opinions on the economic, demographic, and overall climate for multifamily properties there. 

I also have a high humid/high heat climate.

As long as the price is over $1M and stable with 90% or better occupancy. 80/20 with 30 year Am creates a good cash flow, and a 10 yr fixed rate in our current climate of rising rates that is an advantage.

And given the climate in MF today a MF that generates 10% is not a sure thing.So I'd say no way without a 1031. 

I'd appreciate connecting with other Indy investors to learn about neighborhoods, the general "climate" for landlords in the region, and team recommendations.

I would be living under the same roof, different unit.Property numbers that I've thought about:Listed price: $79,0003 units (currently renting at $425, $450, landlord/$0) - month-to-monthRight across from school, in a Class C neighborhood, street on nicely kept residential with regular police presence, but sketchy loan places within 5 minutes and crime map is full of "disorders".House built mid-1800sMonthly ExpensesTax -- $138.75Insurance -- $62.50Utilities --$60.00 (split with girlfriend)HOA -- $0Vacancy -- $60.00 (5% of the time or unless I really mess up Valentine's Day)Repairs (cleaning) -- $100.00CapEx (replacements) -- $100.00Prop.

yea we have alot of money in low cost index funds as of now. they work great in between saving for a property with cash.I've though about leverage but between the p and I cap ex maitnance vacancy and all the other stuff it is cheaper to buy the condo with cash then up and sell it when I can buy the duplex. taxes are high here for homes on there own lot the condo is closer to 1 percent property taxes were as single family homes and duplexes and such are closer to 2 percent to 2.2 percent so that is a big reason why it makes more sense as of now.yea just this first duplex I want to pay cash for. after that I have no problem with leverage. but if we live in it it's gotta be paid for it creates a very stable rock so if the wind blows hard I am protected and have no worrysit really helps ease my anxiaty disorder and will prevent a stroke at a early age. a large reason as well is we cant qualify for a morgage that large.

I am assuming you are planning on making everything climate controlled based on your location?

Certain markets have a more favorable lending climate vs. others.