As long as people keep migrating to Florida and the economy remains strong, there is no reason to think home values won't continue increasing, especially if you are looking to hold for multiple years.

Ohio seems landlord friendly, reasonably stable blue-collar economy (I currently own rentals in WY and I'm looking for a new location that also targets 1 bed / 1 bath multifamilies).

I think some of the newer construction is sitting well above current market value and could be in jeopardy if the market adjusts or the economy continues to fluctuate with inflation.Depending on where you live and what your comfort level is there are several other states that can offer a better cash flow for a similar price range.  

But in the slowing economy, operations matter and buffer the investment from market swings.  

Most lenders/investors are wanting a margin of safety in investment loans given where the economy and RE cycle are at.

On the other hand, Columbus might be ideal for long-term appreciation due to population growth and a strong economy.

Hope fully he can hold until the economy recovers, but as I recall he was using hard money for this....? 

Mounting defaults, reduced demand, and sluggish loan repayments paint a grim picture for landlords and tenants alike.

Additionally, Greenville benefits from a strong and diverse economy, with thriving industries such as advanced manufacturing, healthcare, technology, and automotive.

If you want to talk risk, put down the PE talk for a second and look at commercial real estate, inflation, higher defaults, forever wars, growing china dependence and the economy and tell me that real estate would not be effected equally across the entire board when the house of cards fall, yet dividen stocks (this is a fact) tend to out perform the rest of the market due to hardships not really keeping people from drinking coke and eating at fast food chains.