Based on my internal proprietary calculations;What I am seeing is right now the average SFH home price (USA) is about 35% above where it would be if only owner occupants owned them all (with very few rentals and no flips), (not including the high end trophy home market present in many areas).More popular SFH rental/flip areas will have higher percentages than less popular areas to average out to the 35%.So we have price heat (and volume) coming from people owning more than one SFH (speculation) (Tom Vu Seminars, and all the rest) in addition to the SFH market price set by worker demand for owner occupied housing.To me it looks like a financial shakeout the SFH speculators might (possibly) have more of an effect on the SFH pricing than a workforce issue. 

Examples would be Las Vegas for single family rentals, or lake/mountain homes where VRBOs/AirBnbs are popular like Gatlinburg, TN.  

When Disney moved into central FL, growth exploded and there was too much fast and shoddy building going on.There are so many community choices around Orlando.

@Gina Kim If your goal is cash flow, you really have no choice but to go out of state regardless of what others might tell you.

If you like the beach lifestyle and walkability anything in the proximity of Culver City is becoming more and more popular.

But once I do, I wondered how to begin acquiring contractors in such a rural area where there isn't much choice for miles when it comes to builders and GC's that can handle scale.

Being in a college town is a great upside as well assuming it's near a popular university.

That's just my choice and I don't critisize anyone that uses them.  

I'm glad you asked 😁This may not be the most popular opinion on a forum full of hopeful investors but the Las Vegas housing market is already building a reputation as being one of the nations "most resilient" housing markets.

Cleveland is the one I am most familiar with and it's also very popular with investors across the USA so I figured you'd get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.