Best case scenario (or worst case depending on how you look at it) is that the initial price reduction because the sudden influx of build lots hitting market, will be offset by the spike in material and labor prices and you see continued normal growth/appreciation in the market.Its no different than where we are today.

Small towns may rely too much on a single business or market segment.Population Growth - If people are moving into a location, many things have to be right.

Designing logos, answering customer complaints for agents you're responsible for as a broker, accounting, training, licensing, RECRUITING....I can't believe the amount of turnover, so probably 80% of your time should be/will be recruiting new agents for your brokerage....and then you have to figure out how to take care of the other million tasks in your 10-20% of the time which is important.   

With all the growth happening & major companies such as Apple & Google coming to the area, there has been a lot of changes in the market.

I am looking for a way to build wealth, learn REI, and support the scale and growth of another real estate investor. 

Personally, I'd rather cashflow 0.2% in a makret that increases the home's value 10%/year than to cash flow 1% with a 2%/year growth.

Small towns may rely too much on a single business or market segment.Population Growth - If people are moving into a location, many things have to be right.

To me, debt means growth and new opportunities.

My specific scenario is buying in an expensive, high growth/appreciation market.

I start with researching the areas (no bad areas), migration patterns, and whether there’s more renters or owners in the area and what else is around me such as amenities/schools.I’ve started buying a little farther away from my target market by following the “path of progression”, county or city growth.