I've also loved learning about the other 10 markets we operate in.I have two big goals.

Out-of-state investing in cash-flow markets or partnering with experienced investors for passive returns are also great ways to put your capital to work.

Fort Worth is a great market to get started REI.

Market being hot helped and no permits to deal.

See if you’re in a tight market.  

You're in a strong rental market, and house hacking a small multifamily in Phoenix is a smart way to build wealth.

Even when the market is down, gradually adjust rents so tenants don’t experience a huge price shock later.

Im working on getting another appraiser over there in hopes i can get mid to high 6's Maybe try a BPO - this will be cheaper but not as detailed and should give you a general idea of the market - its much more expensive and time consuming to get an appraiser if your going to do multiple of them.  

Quote from @Ivan Castanon: Quote from @Jay Hinrichs: depends on market most of FLA that wont move the needle.rust belt mid west you can find deals for those amounts.. going to be rougher areas of course. do NOT follow the advice of anyone suggesting second postions or gap funding.

But if costs are high or demand is uncertain, holding onto the land while monitoring the market might be the better play.