Affordability: Compared to coastal markets, Midwest properties offer significantly lower entry costs, allowing investors to acquire more units or higher-quality assets for their capital.2.

In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents.

It can be done right but more often than not, it's done wrong and can cost investors a lot of money.

I guess the lesson to take away from this is that there is more capital and more competition than there used to be.

In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents.

Cost of securing the collateral is much more expensive here and foreclosures can be troublesome. 

Many investors are familiar with the concept of cost segregation studies and may have even had studies performed on their properties.

I think another element, especially in major cities, will be an attempt to lure tenants through better amenities, competitive rents, and employee-incentives. 

In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents. 

There is some institutional interest there as well, just something to keep in mind from a competitive standpoint.