Having said that education and networking will be two things you need to do to minimize your risk with investing.

Gut feeling, you need to spend a LOT more time educating yourself before investing.If your market is truly white hot, you could rent a cardboard box.

I have been educating myself through Bigger Pockets (thank you BP!)

If they're a good tenant and it's the first issue, I'll typically eat it and use it as an opportunity to educate them.

Or based on the recommendation of one person.Landlords have to educate themselves on what a good PM looks like.

I will suggest you do your research so that you can be making an educated decision.I can chat with you to give more insights into these cities.I have rentals in Houston, Spring, and Conroe andGood luck, and make it happen!

I'm not a developer, but I want to become one in the near future so I've educated myself a little but on the subject. 

Just like you I'm still in my education phase.

I really need to educate myself on this before I try and implement it.

Knowing the market well, having an experienced team, and making educated assumptions backed by data are things you can do to mitigate risks in real estate.