And with mortgage rates still stubbornly high and home prices going up, you may be holding out for prices to fall or trying to time the market for that perfect rate.

I'll be looking for long term rentals that don't need any major repairs initially. 

@Tony Schmucker Now that you know all of those markets work from a Macro perspective you should look to see where you want to live for 2-3 years and what your and your wife's income will be in those markets.

Do you do alot of marketing?

All of those markets on the KS side are strong.

Your theory on the multifamily is correct however in practice in today's market conditions, it can vary wildly.

Plenty of investors work the Atlanta market but the ROI is better in Huntsville and Atlanta is tenant friendly.

What I decided to do was work in what I was interested in and it led me to be an experienced real estate agent specializing in wholesaling off market properties in PA region specifically Philadelphia and surrounding areas such as Montgo, Delco etc.

After some research on my own I found out my parents are very below market rent.

For accurate STR underwriting, you’ll want tools that can provide real-time market data.