I invest in the Bay Area and the Indianapolis metro area (lived there for a while then moved back to CA).

The greater metro area’s median price was flat over the same period with a ~1% change to $459,450.

Even at a purchase price of $1 million in the Boston metro, that's only like $50k plus closing costs versus using all your money on one deal.

Your cap rate on PP is 9.6%, which is pretty good, if we are talking major metro, strong location, quality tenant base. 

The inventory of homes for sale also increased in all of the 50 largest metros compared with last year.

I invest in the Bay Area (pre-2013) and Indianapolis metro area.

Actually most stuff built after the late '80's has some sort of HOA in the Vegas metro.  

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Working on the rest.We rank them by Class A, B, C & D.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, we recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)