(I know a lot of investors who are doing this, but I've been surprised to find out that it's a new concept that others haven't considered.)The more units, the better in this scenario because you can hedge your bets with more units.

Your best bet is to go to real estate networking events near those areas and talk to those who have invested in those areas.Best of luck!

If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere. 

Bet they're making their car payments (walking sucks! 

We placed our biggest bet on a single property, class B shares.

Betting on future price appreciation and equity growth is just that "betting". 

Sounds like their combined income likely beats your other tenants.Your gut is probably your best bet and you need to go with it. 

I have 21 units and have recently formed a Series LLC for all 21 units. That has gone smoothly with the exception of one unit that I have my disabled brother living in. I have placed 50% ownership of that one unit in ...

Well the bet I'm making here is that CapEx and repairs will be very low the first few years (honestly event he first decade), and once all the construction ends I will be able to increase my rent closer to market rent at $2k which will give me a better cushion.

Then your best bet are probably community banks which have more flexibility (albeit worse terms) than larger banks and also worth looking into are DSCR lenders.