Stand on who you are, and this direction is excellent. 

These are what we call "A-class" markets—areas with strong fundamentals, high demand, and typically excellent long-term appreciation.

The most important thing is to know the details of your local program like the back of your hand, then look for loopholes.Just to give you and the other BP'ers a deeper handle on why some TDR programs work and some don't, I just uploaded an excellent study on the topic to my FilePlace at http://www.biggerpockets.com/files/user/ChrisNewma...

@Eve Favorse Thats amazing news!

Good neighborhoods, excellent schools, and literally--where does the house I want sit in the actual neighborhood...I say does it look like a $650K house area when I'm done?

That said, Texas tends to offer more affordable housing than Florida’s coastal towns, so your money might go further if you’re buying properties for yourself and your portfolio.When it comes to family life, Texas has tons of family-friendly suburbs with excellent schools.

Fascinating how all of the reporting about it in the news media was so inaccurate though.

@Drew Sygit, thank you for the excellent reply!

@Jay Hinrichs @Jonathan Greene @Nicholas L.you have all helped me to really consider what type of challenge / path I want to get into, and all this information is excellent.

As a realtor who works closely with both short-term and long-term rental investors, I’d love to be a resource for you while you’re in town.Having spent my entire life here, I know the city inside and out (Indianapolis) , from neighborhoods with strong rental demand to up-and-coming areas that offer excellent long-term growth potential.