There is also a shortage of labor and lower-income starter-homes being developed. 

And right now there’s a severe shortage of rentals everywhere it seems.

After a Dave Ramsey "moment" I have found myself debt free, 39 years old, in a rental (as I haven't fount the right deal on the home and property I want to own) since selling my last home.I'm in an area that has EXPLODED in value due to recent oil field activity and a shortage of homes for sale, much less for rent.My initial thought was to continue looking for that 50 - 100 acre property to build a home on so that I can leave my kids that "legacy" that many of us in Texas dream of.My thought process has changed as I can't afford it in this area and school district anymore.I'm considering buying 10-15 unrestricted acres and buying a mid sized mobile home to live in for 2 years while continuing to save for that bigger property and modest country home to live in.I'm watching single wides on 1 acre rent for $1500 per month in this area and double wides rent for $2,000 + while larger stick built homes rent for $4,000-$5,000 per month as the oil field workers will "split" a 4 bedroom home at $1,000 per month each without batting an eye.My thought is to buy this property, put the double wide on it, live in it for a couple of years while adding a single wide rental or 2 per year in the process.This oil activity (The Eagle Ford Shale) is expected to be a "20 year play".I can pay cash for the property, as a conventional mortgage would likely prevent me from "splitting" the property into 1/2 -1 acre tracts with mobile homes if I wanted to.My thought is that if I can buy this property at $10,000 an acre, put a used yet remodeled double wide on it for $60,000 - $70,000 to live in temporarily while adding a few $25,000 (after utilities, septic, pads and driveways) single wides that would rent for even $1200 per month I could fund and cash flow my goal of that 50-100 acre "home stead".Have I lost my mind?

They often see it as on overarching conern, especially where the area doesn't really have a residential housing shortage.   

Keep in mind the market is shifting and there will be no shortage of people ready to capitalize on an investor unfamiliar with a new market.

I know that could work in theory, but I'm guessing they aren't really in favor of that option either.One day, they may be able to get a desalinization plant which could help offset some of the troubles due to the water shortage. 

Managing them in today's climate with serious labor shortages is exceptionally difficult.

The military base is experiencing a major shortage in housing so there is expected growth in building more housing.

Phoenix is experiencing a bit of a labor shortage in the middle of a very strong market which has helped increase costs and increase time on almost all projects. 

.* The LLC has its share of 60% but the Solo 401K has a shortage of $45,000/-Question : My Uncle who lives in Canada is ready to give a Non-Recourse loan to my 401K and I would like to know if he is a qualified person for this transaction.Also note that my Uncle wants to give it at a 0% interest.