Will I stay investing in CLE for the next two decades, the way I would in LA (or CA in general)?

Think a decade out.I stick with off white eggshell walls, and high gloss on trim.

I've been managing mine for over a decade while spending most of my time deployed to Iraq.

Myrtle Beach was certainly the hotspot a few decades ago with no competition. 

I don't think we will see rates in the 6-7% range in the next decade. 

So a sponsor that's great for one investor will probably be terrible for another (and vice versa).I'm a conservative investor, so when I invest in multi-family I prefer sponsors that have at least one full real-estate cycle of experience (which sounds similar to your post), little to no money lost, low leverage, and high skin in the game.And there is an apartment operator that has multiple real estate cycles of experience (decades) with no money lost, low 65% less LTV, and high 10%+ skin in the game.They market under 506B so are prohibited from posting publicly on the Internet and instead function by referrals.

Thankfully, Austin has had decades of appreciation so its a sound bet, imo.

Broker, investor, and landlord of multiple rental properties for decades, so his insight was invaluable.He said that the reason he loved Section 8 is that since it is paid by the government--it is guaranteed.

It has a nice mix of younger transplants and still the old-school folks hanging outside of the coffee shops or pork shops that have been there for decades.

I think @Scott Smith is a sharp guy, and had some educated ideas, I think he will be even better after he has a decade or 2 behind him.