Think fundamentals, PnL, balance sheets, production frontier. 

We are focusing on Phoenix due to the perceived strong fundamentals, diversified economy and relative affordability to purchase multiple assets over the next couple years. 

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

@Kyle Johnson dude you are in a fantastic growth market with great fundamentals.

We're doing apartment deals there because overall it has strong fundamentals and a lot of in-migration.

It’s a fundamental simplization of a process so anyone can instantly understand vs having to be educated on what the 1% rule means.

They are both great at learning the fundamentals.

I am looking at the market fundamentals for the midwest and the only conclusion I can draw from all the data I have is that we are going to continue to see at leasta few more years of health appreciation, before we get closer to new construction prices and out of the supply dilemma we are in. 

The great difference between us is our age, so learning these fundamentals at your age, you’ll definitely have the leading edge over the majority of people, because most people frown about selling or think its to hard, Grant breaks it all down for you in cardone university. $100 bucks a month, cancel any time.

With the stricter lending requirements that have been in place and the jobs that are being created (about 3000 per month), we still have healthy fundamentals.