lol   We have a booming economy and the growth and expansion are continuing to grow like crazy. 

I haven't heard many discussions about those areas, but there are definitely nice areas that seems to be booming in some of those towns. 

I believe in rising markets, appreciation is a given and expect capital growth to do its magic.I believe some neighborhoods in Detroit are on the cusp of booming, have to be selective.

All that said, this is a fairly hot market and a booming economy with plenty of homes in need of rehabs and renters.It's up to you, you could go 25 years with no storm, or get one a week after your first purchase.

Condos are usually the last to benefit from a booming market and take a nose dive during downturns when banks stop lending on them.

Boom she’s gone you keep the security deposit.  

There was an oil boom in the region that directly impacted the real estate.

What difference does a boom or bust make with regard to a rental property?  

I had bill collectors calling my house growing up and I never want to experience that again.

I had a nice new truck, a vintage collector car, a motorcycle, and numerous other recreational toys.