Here are some highlights from the latest Central Texas Housing Market Report released by the Austin Board of REALTORS®:Home sales in the Austin-Round Rock MSA were up 31.5% year over year and up 20% in the City of Austin proper.The median sales price in the MSA was up 12% year over year to $355,000 and up 8% in Austin to $415,000.Inventory remained critically low, dropping 1.3 months to 1.2 months of inventory in the MSA.

I'm in Central AR, Little Rock.

There are parts of Hyattsville that would be considered A to A plus and some B and B plus areas. 

I can't see getting rich off of $7 a night, unless you have a live band playing every night and have a cover charge. 

Do you remember that band?

At one time when Dallas was going bonkers it was getting a lot of the overflow but now things are little more steady in Dallas if anything.If you are investing OOS from NY I would take a look at Birmingham, Atlanta, Indianapolis, St Louis, Kansas City, Memphis, Little Rock, Indianapolis, Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.

Some of the big parks are damn near the same as large B and A-class apartments.  

Birmingham, Atlanta, Indianapolis, St Louis, Kansas City, Memphis, Little Rock, Indianapolis, Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.How can I make sure I don't overextend myself if things go south?

I certainly wouldn't reduce rent in a hot market unless she were an absolute rock star.

There isn't much in the way of maintenance for a hot water heater, other than two things: 1. making sure the thermostat is set at the middle heat setting (usually noted by A, B and C, with C being the hottest).