As far as real estate cycles hotels tend to do best when the economy is good or the perception of it is good in they eyes of corporations and the general public.So right now on an alternative comparison asset class analysis you could say apartments are overvalued and peaking in the cycle.

Many times the stated cap rate is far from the actual cap rate because the listing broker leaves out major items like vacancy, PM & repairs just to attract more eyes to their listings.

I, too, have been keeping an eye on the Cape Coral market.

If you want to invest in Baltimore you might want to have eyes on the ground here.

I do have my eye on a great complex in a middle class community called Bartlett, TN -  but its $5mI'm currently selling a 6 unit apartment complex in a working class community for only $155k

Was turning a eye sore into the pretty house of the area.

@Thomas Sutton Yes, I am definitely keeping an eye out for duplexes and might have to comprimise by obtaining a duplex rather than a triplex or quad. 

I've never heard it explained like that before--about a flip remodel being perceived as "new and unused" and therefore worth more in a buyer's eyes.

The fact that we are sooo far away and can't come and see every property for our own eyes, means we have to rely and count on the agents and property management companies to get us good deals.

Oh, and millennials are projected to continue making this move for the next 5 years:http://sacramento.cbslocal.com/2015/10/21/report-bay-area-millennials-eyeing-sacramento-as-future-home/Also, you might have noticed that the San Francisco Bay Area was missing from the Top 10 Hottest Metros list in 2017.