So being able to lease without having to meet gives you the ability to put a renter in a unit at any time, even if you’re out of town.

Also, look at permitting in your target market to ID who is building and what businesses are moving in that will spur growth, or that will ID possible over-building.

For trying to identify areas, it is good to understand a few basics: Median home value to income ratioPopulation growth trendsIndustries that your local area's economy is dependant on?

These rankings are the perception of the locals and have no bearing on the job growth/short term workers who are there short term and what they perceive. 

How do we take fluctuating rates of HELOCS into account... the thing about HELOCs is that there is risk in rates rising, but there is also more ability to affect your monthly payment and therefore increase your cashflow by paying down principal... which you can't do with a fixed mortgage.What are your thoughts for what points to consider and what levers to pull when comparing the two options when its a HELOC you're coming to a deal with?

I would love to be able to add in something for the 7 additional stressful days and the costs on not having the ability to get it relisted, shown, and rented. 

@Marc RothFrom a macro level, we are currently in the growth phase of the RE cycle.  

We are looking at multi family units or single family BURR-eligible in Fort Meyers because I have a new client there and see a lot of growth in the working class, especially in the Latin community.

@Aubrey HardmanI believe the answer you are looking for depends on your personal goals and what phase you are currently in.Phases of a RE businesss - Buy a Million(Acquisition), Own a Million (Growth/Optimization), Distribution (Maximize Cash Flow)If you are still in the Acquisition phase of your business, you should be setting all of those funds aside for acquiring new properties or investments to add to the portfolio.Keep in mind that the ROI is often better keeping the property leveraged by cash out refinancing and putting those funds to work as well during your growth phase.

Dont listen to the crowd that pulls out of high growth high appreciation markets and chases mythical cash flow in cheap dying cities.