Mortgage rates are incredibly low right now so it is a great time to get into the market.  

With the huge surge of interest in real estate investing by new and experienced investors, the return of home buyers to market and the resulting rise in prices I was curious to see what the community thought were today’s underutilized strategies and areas (cities, towns, states even blocks) that could be interesting in the next 6 months and are not yet popular enough to be something most people know about and are thus using thereby driving up prices as well as reducing supply. 

That would be incredible for them @Bobby Thompson!

That's of course no helpful info on the cash flow potential of rentals there but Wisconsin has generally pretty low home prices and is fairly popular with Illinois tourists.

For flips, learn how to correctly calculate the ARV and the construction costs.It doesn't seem like a popular theme on BP but I buy my cash flow rentals in other areas of the country from turn-key flippers.

The training opportunities are incredible.  

BP is an incredible resource for knowledge and support because of members like @Jay Hinrichs aka Jam Master Jay :-)In this market I see having a team is a must.  

As far as finding mentors go, perhaps "The Ultimate Guide to Finding Incredible Mentors" would be of use to you!

Larger apartment buildings were also popular for students to live at in my college town and all of those companies used separate leases for each individual person.

All other monthly expenses ~$500 (tenant pays,water, heat, etc, property is tax abated for the next 10 years, with annual taxes  currently projected at ~8k).While nobody has a crystal ball, I suspect it may keep going up by about 5% per year, a pretty popular area in Brooklyn, NY.I lived there myself for the first 3 years and have rented it for the past 18 months, the current tenant moving out, rental demand is very strong, getting someone else should be no problem or can provide vacant if decided to sell.