If you're looking for appreciation, the two strongest influences on demand (and appreciation) are population and job growth, so monitor those.If you're looking at which markets are volatile, that is impacted by many variables... population growth, job growth, job/industry diversity, local politics/regulation, development etc...Example: San Antonio's economy and job market is really driven mostly by health care and aerospace. 

Also, the amount of debt that is added to the deal (a 50% LTV is typical) will influence your return from appreciation.

I'll acknowledge that I'm making broad generalizations that may not hold true in all situations, but are probably more-or-less true for most syndications (and are true for those I've reviewed) - so here's what I mean:As a typical LP, you'll have zero ability to influence the terms of the PPM (perhaps if you're funding 25% or more you can get some concessions). 

IMO the PM is the one professional who influence the investment success the most...with all the others you interact for very short amount of time. 

(this post was not sponsored though was influenced by my mother)

The best practice when dealing with a real estate appraiser is to refrain from influencing their judgment.

Now, this is just looking at the "bad" series of what-ifs but if I wanted someone else to make/influence my buy vs. sell decision, repair vs. replace a roof, etc. then I'd just invest in a REIT and go "full passive".

Ask yourself why and have people within your circle of influence ask you why so you can explain and hear yourself.

Columbus is also the state capital with very strong political influences, major convention center, strong infill development.

A lot of people without any knowledge or insight will say all kinds of things out of fear or from things they "heard" and it can influence your decisions and judgement.