Each of these variables will dramatically change the advice for the individual asking this question.

We are currently under contract for another new construction SFH in central Florida and have been told there have been a dramatic increase in construction costs, but haven't received the numbers yet.  

Lots of posts and opinions on this topic, many of which state that 50% deposit upfront is unreasonable which I agree with.Clearly the laws in other states differ dramatically from CA as contractors are not allowed to charge more than a $1000 deposit upfront at contract signing.

With a BRRRR, you are hoping to boost the ARV and the amount it will rent for, so that when you refinance, the rent can cover the new debt service and all the expenses. 

At the local level, factors like the quality of schools, neighborhood safety, access to amenities like parks, shopping and entertainment and a host of other variables come into play.Here are some guidelines to help you ask the right questions as you determine where to invest.Start with your GoalsAre you investing for the long term or trying to achieve a shorter-term boost in value?

With that said, I don’t believe we will see dramatic changes in the economy before December due to the upcoming elections, so you probably have time to get out while you can.

I live in a so called "cashflow market" (Milwaukee) and have always made a lot more on equity than on cash flow, even before the last 3 years.But I also know investors who have grown and managed a portfolio "city cash flow properties" for decades and have almost nothing to show for - because capex exceeded cash flow.High appreciation markets are also risky to invest - while I feel very strongly about that market not going to crash as a whole, I am not so sure if markets like TX will not come under pressure after the exuberant gains of the last years.The Midwest is the only region left with an affordability index over 100 (median family can afford a median home), so just like communicating vessels in physics we may see a market rebalancing, where remote workers will move to where living expenses are affordable (not only housing) and boom markets will see an adjustment (not a crash).And even if you are an apartment syndicator, you need cash flow to boost NOI - there is just no way around it.

Replaced one set of acquired tenants and boosted rent up an additional $100/month with new tenants I screened myself.

I sold an apartment complex with a 3.2 cap, but it had a projected cap of 9 with the needed repairs/mgt boost.

@Chandler Butler Getting your license would be a great idea to help boost your investing!