Areas experiencing growth in population usually see a corresponding rise in housing demand.You should then delve into real estate market trends, examining aspects such as property prices, rental levels, and the average time properties stay on the market.

When leasing high rise condos I owned,  the HOA required 12 month leases.  

Indy is up on average 3.7% YoY in median sales price.Inventory on the market has been steadily rising.

As Waco continues to grow, which neighborhoods do you think are on the rise, and what indicators do you use to spot emerging investment areas?

Market Considerations: Given the 12-14 month holding period, how much does your target IRR change in a fluctuating market (either rising or declining)?

I decided to go with a fixed rate HEloan over a HELOC because at the time, interest rates were rising and I knew that the rents can more than cover the fixed payments.

@Amy WeaverSouth Dallas, a part of DFW, is experiencing gentrification, leading to rising rental rates and property values.

They have to adjust to the water temperature.

In my estimation (local utility costs vary as well as temperature) it is about $400 per month on average. 

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?