@Michael Blank, we like Secondary markets in the Southeast that fly below the radar as well.Interesting you mention Huntsville, AL as an example - we started investing in Huntsville around 2019 and have done approximately 7 projects there (spanning ~1,100 units).

@Graeme Harris in Colorado Springs I have converted single family homes to units with mother in law suites.

It was a huge selling point as there are a lot of folks that want a shop, or need a storage unit for their stuff and the cost is at least as much per month.I have a 7.5% interest rate loan on the rental.

Larger multi families (3-5 units) aren’t as numerous, but they still exist and can be great opportunities if numbers make sense for you.

There’s a large apartment (a few hundred units) being expanded 3 blocks away.It’s 4 blocks away from a major university health center (and embassy suites for hospital visitors) and 2 miles from another hospital (possible travel nurse MTR potential).

To maintain the welfare state, healthcare, and social benefits, the Spanish government is planning to raise taxes to unprecedented levels. 

I own a duplex where occupy one of the units and rent out the other, where my unit has a typical street address and the other unit has a "1/2" street address.

So as I said, if you can get to know appraiser on a professional level, not sucking up, but approach them professionally (asking questions, having them do some work for you, etc.) you'll be further ahead and know how to appoach them.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

For reference Google "Title 28 U.S.C 2410"  which covers actions affecting property on which the United States has a lien3.