So my question is: assuming a similar initial downpayment, would you recommend:1- get another place in Meridian or Nampa - I am afraid of being too concentrated in a smaller market, lots of new construction, and not sure of very long term prospects2- Go for Provo despite lower cashflow, but less new construction to compete with and booming, well educated population3- Go for Surprise or El Mirage since Phoenix MSA is so hot and booming with potentially better cash flow than Provo, but lots of new construction to compete with.The properties I am buying would be considered B or B+ class.  

That's the key factor which will drive..Don't try to concentrate on unwanted things like setting up LLC, finding TEAM etc., 

Yes, I could have been a bit clearer in what I meant but most people don't major in philosophy and concentrate on the main points.In summary, while there some some markets that I like, I will not go into every single market during the uncertain times.

Lender regulations certainly come into play, but even for non-levered syndicates it is desirable to have a max in your mini-max to reduce concentration risk. 

I am concentrating on new items that are available to most if not all people rather than one off items.

Due to the NOO concentration, this required a 25% downpayment, so used a mortgage originator to find a bank which would do the deal at the best rate possible.

Usually, when I'm down in the dumps about some real estate related topic, I like to take a step back for a second and really concentrate on the numbers.

If the best places have a great view, then you need to concentrate on somewhere that can provide that.The first thing is finding the right location.

Just concentrate now on making a budget, analyzing your expenses, and saving as much as possible. 

There are a few areas that are lower income and have a concentration of people on social assistance.