Identifying these catalysts can give us valuable insights into the future appreciation and demand for properties in the area.Modest Appreciation:While rapid appreciation might seem attractive at first, it's crucial to focus on markets with a history of modest yet consistent appreciation.

Lot of buyers and prices are on the rise rapidly.

@Cory Howes we're in a rapidly rising market in most areas.

Managing 6 tenants or their potential rapid turnover as you try to rehab each apartment one by one is a big job for a new investor. 

You need to have equity to pull this off, so you would need to have bought a "good deal" that was either under market value or is in a rapidly appreciating market.

Fact is, home ownership is rapidly stepping away from attainment by most.

Your net worth likely won't grow rapidly, you can't scale that beyond a certain point, and you lose control of funds that could be called due in a financial crises.

@Tanya Smith I am a fan of Grand Rapids because cost of living has not risen nearly as fast as the city is growing.  

However I'm not sure the demand is there yet for houses in this category to be rapidly converted or redeveloped in large quantity,  but I am sure it will happen at some increased rate.Just because ALL of SFR now allows this,   it will tend to spread out the activity more,  as opposed to upzoning smaller areas, concentrating redevelopment in those areas and rapidly changing them.   

Columbus is the only Ohio market that has seen rapid growth in jobs and population.