Some of the concerning factors include relatively high crime(according to crimegrade.org), poor job growth, poor appreciation, moderate to high vacancy, etc. 

(Data source MRED: Assuming expenses on a building are 50% of the income and remains that way, with a 4.84% income growth and 7.4% price appreciation then the CAP Rate will not compress. 

The Blue Ridge area has certainly seen growth over the past couple years.

Woodland Park, just northwest of Colorado Springs, has already seen a lot of growth, so I think Divide and Florissant can provide some great value. 

When looking at the areas to invest in I'd suggest looking at population growth.

I’d suggest purchasing with liquidity growth in mind. 

Principle hasn't just been preserved, you have GROWTH. 

@Zihan HuangI am a real estate agent and investor in the Houston market.Katy, Cypress, Spring, some parts of Houston, Conroe, Tomball, Pearland are great markets.Rent growth and appreciation is steady.These cities tend to command quality tenants, and they have great schools.If you're intent on buying out-of-state, be sure to heed these additional warnings.

If an underwriter is okay with assuming 7% rent growth but you want 4%... you’re not on the same page.My advice?

I have studied all of the different real estate investing strategies and valuation methods and feel very confident with my number skills, but struggle immensely with narrowing down markets and the strategy that i should choose.