I've included some images below that provide a great visual of what the general composite prices have done over the past year (Price Per Thousand Board Feet).

@Aaron K.Aaron, there are so many strategies but the one that appeals to me is buy, hold, and rent.

Just like penny stocks, there us some appeal on paper, but there are tremendous risks.Conversely - A areas may have the lowest cash yields, but like blue-chip stocks, that's because they are high quality, liquid, and much less risky...and I'd recommend getting as close to that as you can, with your first investment.

Say a 2/1 is $60k and rents for $6003/1 is $80k and rents for $8003/2 is $100k and rents for $1k.Completely made up numbers but from a long term buy and hold standpoint would it be better to get a 3/2 to appeal to families that may stay in a rental longer?

As a general rule you would want the LLC in the same state as the property as you may have to act in court (eviction, code enforcement appeal, tenant lawsuit, ...).

In Dallas and Fort Worth, some neighborhoods are moving quickly to create more upscale appeal.

Especially as we increase curb appeal by painting them. 

Some of the developments opening this year even have workspaces, similar to a business center, which Lee said is appealing to the company’s target demographic, especially as people are working from home.

It sounds appealing because you will save money on the front end and purchase, but you will have a headache of repairs and turn overs.

If that means hiring a landscaper to ensure the curb appeal is appealing, de-cluttering, painting, or staging.