I used to run a national mortgage company and had an investment firm in CA working on solely residential property in different locations and the got into multifamily acquisitions starting in 2018. 

I would have thought Chinese national buyers would have mostly dried up by now. 

I love the idea of being out of debt but am a bit hesitant about getting out of the Rocky Mountain national park market, as we would never be able to get back in.

I haven't done my due diligence yet but I wonder why the national builder are not going to make money in Columbus if it is such a growing market. they do make money.

Occupancy rates remained robust at 74.1%, outperforming the national average by 0.9 percentage points.Asking and Effective Rent (ADR and RevPAR)ADR for all tiers is projected to grow steadily over the next few years:- 2024: $193- 2025: $197- 2026: $200- 2027: $204- 2028: $209RevPAR is also expected to show consistent growth:- 2024: $155- 2025: $160- 2026: $163- 2027: $166- 2028: $169Upper-tier properties command a significant premium, with ADR forecast to be $233 in 2024, compared to $122 for lower-tier properties.

Banks were very conservative and nationals had not come in to the market yet..

Yes, as others have noted, this is typically where DSCR Loans (**not from banks** but from private lenders with national DSCR platforms) are typically the next step here. 

Note, Jacksonville FL is the largest market (area) in the nation and fairly nuanced.

I specialize in bridging the gap between national & international investors and builders...basically, providing a turn-key process for identifying, purchasing, & managing cash-flowing properties.

If you are looking for above national average apartment occupancy, steady YoY rent growth, resident retention and a supply/demand imbalance, the Midwest is a great place to look!