A more urban market will have more HOA/regimes than a rural market.

Ultimately the nature of a great society is having the capacity to share opinions whether we agree or disagree with them. 

@Stetson Miller Storage is so much more local, based on typically a 3-5 mile radius (smaller in very urban areas) so it’s really hard to say a city/region is overbuilt because that could be true for one area and be very under supplied just 5 miles away.

This is especially important in a society that increasingly demands instant gratification ("Why can't I get a phone app to do everything related to the investment with just one click"?)

The Cap rates in the Urban areas are gearing more towards funds, REITS and major companies that are purchasing them with Cash because they don't need to see a major return, they are virtually just parking their cash.I would recommend expanding your circle of where you want to acquire properties. 

Thanks Well since you told me not to...A society in which banks approve 100% of loans that were applied forWhat could go wrong ... right?

You have to be patient and willing to fix up places before renting them.Job growth is very strong, vacancies extremely low, incomming residents from other places, and the two urban cities are growing and popular with millennials. 

Wow, how things have changed.Today, with everything at your finger tips, doing deals in this wonderful electronic society is  easier, quicker and more profitable.

American society shows patterns of increasing income differentiation so [unless you forecast a proleterian revolution], the growth of an A market will beat that of B and C neighborhoods. 

No pushing or shoving , but a whole society working together.