it is very natural that the areas fed by these migrants would reflect demographically similar levels of affluence including home prices.Sarasota is an outlier due to it's unique origins and Naples is a really interesting study if anyone's interested. 

But driving down to the next block, I saw blighted homes in rows, abandoned lots with weeds and tall grass, and I got a very depressing feeling from the area. 

I see storm clouds on the horizon from the Fed and I cannot see how these rates can stay this low in the long term. 

Louis fed.

They have been outlawed by the Fed, and 15 or more states have additional restrictions for other lighting. https://insights.regencysupply...

I really think Texas makes a lot of sense for those that live there and can offset these sky high prop tax's with no income tax.. but to live in CA or OR with some of the highest state income taxs then invest in a state with some of highest prop taxs can lead to property that will need to be fed and watered every month. 

Today's rates are inflated (by the Fed's design) to slow down the economy.  

Fortunately for me My millennial tenants won’t be reading the Wall Street journal articles about their plight in society  ( they likely read “hustler” or the national enquirer)I trust they will continue To invest in Phillip Morris and anhueser Busch stock and I will continue to collect their  rent regardless of what the feds say,the rates do ..or what the Dow Jones average does or what some snooty douche Millennials  in California cry about 

In the past we have also turned the soil and planted sod if the grass is to far gone. 

One of the things I teach in my course is that new investors tend to fall in to the trap of "the grass is always greener".  99% of the time you can find something within 20 miles of where you are, even if where you are is a high priced area.