I think that I would prefer to purchase in a college town in order to have a steady pool of potential tenants in college students. 

@Joe Si REITs are part of my investment portfolio, but I view them as a steady hedge against other stocks, rather than true real estate investing.

If the demand remains high prices should also remain steady.

Thus, people are moving here at a steady pace for years which is driving up the demand for rental properties.

Slow and steady and consistent pays better in the long run.

Once you get a few more of these up and running you will have a nice steady cashflow!

Im from PA. solid steady market, and you can buy something 60k all cash but it will need some work.

On once-gridlocked freeways, for example, cars were moving at a steady clip not seen in over 50 years.

Seemed to have steady business for years.

As with many midwest industrial cities, we started a long steady decline for decades, but it does appear we are turning things around so maybe that is what is meant to be an emerging market.