That ought to keep the economy humming for a while.

Quote from @Drew Sygit: @Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud. do a new construction multifamily don't buy a single family for BTR the numbers are garbage. density is the only win for economies of scale, micro units as well. small, well designed multiple dwelling properties are superior. 

Inflation/Economy?

I'd look at at least 3-4 family lots at a minimum for economies of scale. the price of land in miami is so high it makes single family home building nearly impossible. flips aren't worth it.

Your reserves for repairs should be much higher than normal.Otherwise CS should be just about as strong as other markets in Texas I would expect although not sure how diversified the economy is. 

The local economy is usually the driver of a real estate market.

What I am writing below is for someone that has excellent credit with zero chance of losing the property short of a large scale economy collapse.  

Very landlord friendly, low taxes, stable diverse economy, population growth.

The economy is tough right now with inflation for basic needs going higher.

Our economy is doing very well and Toledo has a very rental-heavy housing culture.