Both are excellent cash flow markets and unlike a couple of the markets that you mentioned, both have strong economic and demographic fundamentals. 

This can often lead to bad purchased since neither focus on the fundamentals of the underlying real estate which is what ultimately drives value, appreciation and net profit.

I share this because too many investors focus on number of doors and turning over their equity but make bad purchases and/or purchase in neighborhoods with poor fundamentals.

The surrounding neighborhoods (West Passyunk, Girard Estates) currently have pretty strong fundamentals, although weigh towards owner-occupied.

@Bruce GardnerYou may be overthinking the fundamental concept of taxation: there is only one tax on the business profit.

But choosing a market should be more than just about price---look at the fundamentals (population growth, job growth), what you are willing to drive out to etc, and what you strive for in terms of returns vs stability.  

The fundamental principles don't change, but the lending requirements and marketing strategies have certainly changed.

These are interesting buzzwords, but I actually don't think there's a fundamental 180-degree difference between coliving, mid-term, and long-term property management. 

Bottom line, gurus teach deals not real estate, they don't have time to teach that nor can they relate strategies to the fundamentals allowing the student to understand when one strategy might apply or when to switch to another avenue of operation.

When you look at market cycles and fundamentals, it would appear that we will continue to see an increase in pricing for 5-8 years.