Hey Patrick, a lot of investors are seeing they can scale faster in Midwestern markets, where the Price/Rent ratio is a lot better.

I've been here since 2007 (but only started investing in SFH recently) and have definitely noticed that when I see a duplex, tri, quad, 8+ they all seem to be in rougher neighborhoods...that being said, I myself definitely want to find some and may end up relying on off-market deals to find what I want.Let me know if you learn anything new about multifamily here in Memphis, I'd love to understand it more as well!

She quoted me $3000 for my new building and said the company has a total monopoly in our market but is still cheaper than everyone else.

@James KhailCA is still a tough market with the taxes and pro tenant laws. 

@Timothy Floyd,Welcome to BiggerPockets and the Memphis market! 

Airbnb had a big push recently showing how they believe this has hurt the NYC market not only for tourism (hotel prices soaring compared to other areas) but LTR rents have went up still as well.

Typically larger groups have more people splitting the cost and it has not affected us in occupancy versus our close competition.I would maybe be wary if you are in a hyper competitive market or market segment. 

Let's say you're an old pro at MTRs, but you want to expand into a new market.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

They did a fantastic job renovating this home and several people fought over it when it came on the market!