I am in Economic hardship the work shop people tell me I can make wholesale deals and get out of this money hole I am, but a realtor friend I have known for 40 years and knows that I have no money, tells me to get a 5 day a week job rather than 3 day a week as my current work schedule is.

More economical purchase prices in Grover Beach and Oceano, but also less revenue, and also not sure about the regs. 

A high quality SFR in Austin will pay dividends in the long-run, and don't invest for anything but that. 5-6 years is too little, but if you are to expose yourself to that I would still take Austin.Those deep parts of SW FL are cyclical with retirement up & downs on economic recessions.

I know it's been somewhat economically depressed, but I see some attractive properties for sale would love to hear from anyone that has invested in that area before.

These "investments" were pure speculation driven by a set of economic conditions which no longer exist.

Employment/Economic Diversity/Demand DriversNow if you can buy a house let's say 4-5 bedroom and have your kid live in one for 4-5 years and is the kind of kid who is responsible and a hard worker and a good networker and can keep the bedrooms rented for the next 4-5 years, there certainly could be an opportunity there.

The rent control advocates, having zero understanding of economics, blames greedy landlords without realizing the rent control has increased risks.My properties are in a very desirable area that is very constrained.  

Our priorities in terms of market is there needs to be- anticipated economic growth (lots of tech companies are moving into Columbus),- prices need to allow us to buy in all cash (400k or less, ideally up to 300k),- we want the area to be safe (when looking into places like Dayton, OH or Memphis, TN for instance it looks like all our boxes are checked on paper, numbers wise but we realized quickly there are a lot of unsafe areas and we could have the potential for problem tenants)- yearly expenses to be relatively low (i.e. we are avoiding NYC and the tri state area, California, etc. for having extremely high taxes).Is our initial analysis on the right track for Columbus?

@Ivan CastanonInventory, interest rate decreases, rent adjustment, market reports, and economic indicators are all important considerations when making a successful real estate investment.

We are probably the only brokerage doing that.There is an entire field of economics devoted to irrational decision making.