Don't be surprised to see less migration to Texas.

I will predict this rent ready model you established will also migrate to your closest hipster area and then really watch out!

Hi,Am a VR owner who is migrating into property management.

You might find when you run the more conservative numbers it is .5Accepting those kinds of returns close to 1 you better have a strong rent growth location with a high net migration of population moving to the area with high job growth and low unemployment.By job growth I am not talking about a bunch of customer service jobs paying 8 bucks an hour.

You could try to work with a local portfolio lender if you want to 'buy direct', but I prefer to tap into the tail-end of the NPL pools as they migrate down-market to us little guys. 

It's really a great town, there's a reason so many snowbirds love migrating down here every winter

@Matt Smith looks like Portand Oregon is the number one in migration state in the country.. pretty solid multi family in this area if your just interested in cash flow.

This career migration path if conceived, has to be thoughtfully planned and must include room for backup plans B and C to start, then, discussions with family members and friends to weather the impending storms.As we all know, REI is a marathon and not a sprint, coupled with the fact that for those who don't have a lot of money, but, good credit and a W2, can start out by house hacking whether it's a single family unit with room rentals or via a duplex/triplex/quad with occupancy of one unit.In this case a FHA mortgage could be the starting point on their REI roadmap to accumulating wealth and being their own boss.

There are cities that probably cash flow better, are a bit more affordable than another but if you look at the data, the migration of people, company and jobs to southern and warmer climates continues unabated.  

When the bats are out foraging at night or have migrated south for the winter, seal up the places where they can enter.