My opinion for those that live in a high cost of living market is to continue living / renting in that market and invest in a different market that is affordable and provides both cash-flow and appreciation potential.The reason to stay in the HCOL market is because you will be paid(hopefully) a nice large salary.You can take this salary to then 'easily' invest in other markets.NYC is tenant friendly which can be a con for investors.Furthermore, NYC has appreciated historically.

Although the temp is supposed to be 103 to 105 for the highs.  

But all other sub-market is still going to All-time-High still.btw people is actually only leaving san francisco, especially the city part, for Single family with good school it's the strongest market in the country still.

Don't get me wrong, these come with their own challenges, such as the high minimum investment ($50-100K, although that's also about how much you'll need to buy a rental), and the difficulty in finding reputable sponsors.

I am thinking I will start by targeting Arnold/Imperial and work out from there if necessary, probably west toward Murphy/High Ridge/House Springs before moving south.

If you want to get an idea of all that is happening in our market I would highly recommend subscribing to the Triangle Business Journal. 

Any do's and don'ts would be highly appreciated. 

It's helpful for our community to get feedback on these high-priced courses. 

Honestly make it high enough so that you are happy either way. 

The problem is the release prices are high.