While infighting and revision continues in the CoA Code and Permitting, I wonder which will come first, new infrastructure to incubate the development of periphery suburbs or the growth of autonomous micro-markets outside the bounds of Austin's current infrastructure?

A majority of this country has no self control when it comes to saving money and monitoring (or making the tough decisions to improve) their financial situation.  401k, Social Security, even tax refunds are for people who have no control over their own urges to spend money. 

Make sure the area has strong demographic growth Look for a strong growing and diverse economy , look for an area of growing retirement population , look for new and substantial infrastructure changes .

And monitor expenditures for materials on a per unit basis.

You would be wise to learn from local operators who enjoy success in the markets you wish to trade in and seek their guidance as to what drivers they monitor the most.To give you some guide, I am at present, after more than 30 years in this business in Australia, looking to enter the market in the USA.

By not discussing active deals, taking time to have those dialogues to establish knowing your customer and determining suitability for these types of private placements, recording these conversations (CRM tool), its a process and important for the investor as well as the sponsor, which also helps support any future regulatory reviews.Lastly, I will note that the deals should be presented to investors from the issuer (key principals w/actual roles separate from mere marketing / selling the deals) or licensed reps of broker / dealers who can market these types of opportunities, take qualification exams and are heavily monitored, regulated.  

Fez.There is a common sentiment that social media is helpful but monitoring, getting qualified lead sources ("where did you hear about us?")

I am more interested in learning more about sourcing investors and raising money than the legal infrastructure.

We have a building, and website, custom developed software, and all the infrastructure to support it.

Aqeel Salim My company Vacasa manages a bevy of properties in Costa Rica and already have infrastructure in the area to accommodate an out of the country owner!