What I'm struggling with is the fear that the economy could take a turn for the worse and get upside down on the project, which I understand is always on the table but wanted to see what everyone's thoughts were as far as waiting or if it's better to just start as soon as possible?

The government grossly overstimulated the economy, increased the money supply by 40%, and caused record inflation (in housing, food, energy, everything).

I am a firm believer that Colorado Springs is a great place to invest due to its strong economy, temperate climate, beautiful views and easy access to outdoor activities.The market is starting to show signs of being depressed, meaning that there will be more opportunities for investors to find some great deals. 

I can tell you institutional level capital or at least 95% of it wouldn't touch that kind of deal due to economies of scale, risk, population, no access to utilities, etc. urban centers is where we focus. large metro, etc. 

There are similar ones for San Fran that are even worse: ;t=what people don’t understand is city core in places like LA are a small contributor to the economy.

Generally, more units will give better economy of scale.

thanks James, in analyzing regional data, Louisville continues to show a strong local economy, with a decent trend in the growing rental market, lower median home prices and values, good reasons to make it appealing to us since we are looking to expand our portfolios, providing more affordability to enter into this market ... besides, good friends live in this city ... our visit will make it a business expense :)

There are always cycles in real estate, but because of the size of the housing shortage, lack of new builds, and the largest economy in the country, it's hard to envision where we won't continue to see price and rent appreciation.

Most of the landlords here who are successful, quickly buy 10+ for more economies of scale, have good handymen on staff, and have eviction lawyers / attorneys ready to go.

@Jennifer LexonTo find a move-in ready property in Cleveland, Indiana, Kansas City, Memphis, and Pittsburgh, consider factors like affordable real estate prices, steady economic growth, strong rental markets, diverse neighborhoods, and diverse economies.