With the numerous unique industry features MN has, it will continue to out perform many if not most markets during stagflation or recession cycles. 

@Megan Brooks I actually had slightly outperformed the 15% projection (~16%) due to some initial miscalculations with my mortgage amount, so that was a pleasant surprise.

The U.S has been driving the global markets the past decade and the cyclical nature of markets suggests that it may be time for foreign stocks to outperform the U.S for a while.

I own properties in both and my properties in City 2 outperform my properties in City 1 every year.

The revenue you can generate may pleasantly outperform the combination of the smaller units and your economies of scale will definitely lower your expenses and reduce workload.

Hard facts are that people who have invested in the Bay Area over the past 20 years have outperformed returns of those who invested in other (non coastal) markets by a massive margin.

If you're looking at ROI (or sometimes people say ROI but they really mean Cash on Cash return) and you're getting 15% each and every year, then you're significantly outperforming the stock market, average rates of returns for most investment classes, and most real estate investment rates of return over.It happens for sure, and especially as you get better and better. 

A local investor with a laser focus on his particular niche will always outperform everyone else, even in a mediocre market.

Looking back I am still confident of the decision and have 1) outperformed the 401k, 2) have control over assets, and 3) am much more tax efficient.  

I've outperformed the S&P 500 for five consecutive years, to include the COVID-19 induced downturn (the real test).