With that said, below are some metrics I would focus on:Population GrowthJob GrowthMedian Household Income GrowthHousehold FormationJob DiversityNo New Supply Imbalances relative to current inventoryIn general, the Midwest is recognized as a strong cash flow market (but it is NOT risk free) with good deals in Ohio, Indiana, Missouri, Minnesota, etc.

During this pandemic, it will become more apparent that the affordable housing supply has been shrinking and the demand is growing. 

Most military families like to ship their household goods (furniture, car, belongings, etc.) out 1-3 weeks earlier, depending on how far they are moving, so that they arrive around the same time as their household goods.

Are you buying it turn key, all furniture.

Will your partner be meeting with contractors or will he be doing the entire rehab or will he be purchasing / delivering supplies?

The second thought was buying franchise in a small business such as an industrial supply company that he is already familiar with.

I suspect when the quarantine ends and the held-back housing supply hits the market we'll see a dip in prices in the 2 to 4 months after that time... though there are a lot of factors that come into play that will dictate the actual outcome. (...consumer confidence, interest rates, local job growth, net population growth/loss, government restrictions, savings depletion, stock market growth, etc).

Supply here is incredibly low but if our current situation continues for too long I'm sure that will start to change.

Weeks later water was turned and I was told they need to install a new water supply.

Increase of money supply can lead to inflation.