Each metro has their own economic drivers.

@Daniel Guerra the main driver for me was being sure I could pay down debt fast enough to have a minimum of 20% equity in the property at my 5 year balloon due with the 80% financed by the bank.

Especially as the cycle matures and the odds of the market bailing out poor sponsor performance becomes more of a long shot. it scares me that everyone is a syndicator nowadaysit's like the tech bubble, when the taxi driver/shoeshine guy/etc were always giving you stock tips...

Choose markets with tourism as a strong economic driver.

Thr most important thing to know is that the Energy sector is this single driver of the economy.

Homes that appeal to our target tenant segment range from $320,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandThe driver for housing demand is population growth.The average Las Vegas annual population growth is between 2% and 3%.

Look into Cleveland, its got good cashflow potential with appreciation happening as well.Looking for appreciation come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

The market drivers for Las Vegas haven’t changed.Population growth - Population increases by 2.5% to 3% per year.Land shortage - At the end of 2019, there were about 26,000 undeveloped acres.

They do have a pretty good system of finding your new homestead, change of driver's license address is enough to trigger sometimes.One thing to note is tax code allows them to go back and charge 5 years if they become aware homestead is on wrong house.

Can you imagine one underage drunk driver leaving your property?