As you move from national, to regional, to mom and pop local tenants then the intensity of management and risk to the cash flow stream can change.You mention a Whole foods strip mall deal.

Focus on other CUs, local and regional banks.When my wife and I bought our coop in Greenwich 4 years ago, we only put down ~11%.

My properties are in upstate NY in the Buffalo/Niagara region.  

It is easy to see the number of active listings in the Houston Region is down over the past 4 years.Time frame is from Apr 2018 to Apr 2021 County is one of 'Brazoria', 'Fort Bend', 'Galveston', 'Harris', 'Montgomery' Property Type is 'Single-Family'The single-family home average price climbed 19.9 percent to $370,847 and the median price increased 16.0 percent to $290,000.Sales of all property types totaled 11,692 – up 31.5 percent from March 2020.

Ideally it should be in the Niagara region in Ontario, but i'm okay with it being anywhere in Canada if it's legit.

There are plenty of great areas in the larger metro region, but in the city itself the leadership has become so hostile to businesses, police, and taxpayers in general that I don't see it being a thriving commercial market again anytime soon.

It will be bottom up in the form of ballot measures that citizen groups (whether misinformed or not) will propose and it will vary widely by region.   

@Logan Pou This is a regional question....for example...my city and county keep a master meter on water...so, even if you sub-meter for multifamily you cannot escape the water/sewer as an owner...the implication is that unpaid water/sewer becomes a lien on the property...pretty serious if there is delinquency...so you want to monitor that closely.

Regional differences matter. 

I don't know that region well enough to know if there was a real factor that caused migration from one locality to the adjacent or if it is a blip and temporary anamoly.A couple other observations that strike me are the number of double digit changes.