Not looking for the next Austin, but just decent market which will weather the recession if there is any.

The prices are sky high in places like Casper and Cheyenne, and if we get a recession in our local economy it might effect those markets as well driving down rental prices and values. 

The only thing that might slow that down is a major recession and that will affect all locations to some degree.

It does fantastic during expansionary times and suffers greatly during recessions.2) If you are looking to get into the city proper, that is a whole other discussion with lots of risks, but there are plenty of good suburbs. 3) Understand how property taxes are calculated and forecast properly what yours will be after purchase.  

In this case since you have zero down any risk of issues is all him: a partnership split, recession and the market gets tough etc.

I'm proceeding very cautiously....I can't help but be reminded of the irrational exuberance we experienced in the lead up to the Great Recession.

I am bullish looking out 5-10 years but do expect a dip over next 2-3 years in line with my personal expectations of an economic recession during that time.Wait for the buying opportunity rather than out of state.

I've been a property manager in Riverside since 2007 and buying multifamilies since 2010 and experienced the housing recession first hand.

The longer it takes to get through the foreclosure mess, the longer this recession will last.

@James Wise Well, I never wanted to voluntarily leave RE but was forced to when the recession hit.