But Austin seem to be doing extremely well economically, so I think the long trend up will continue. 

Orlando was one of the hardest hit markets during the economic downturn.  

The only way that the markets go down is if the Fed decides to continue raise interest rates or if economic policy changes.

I did it to be a great city and state, very owner friendly and lots of great economic reasons as well.

Well during the GFC some markets rents dropped 100%  IE total vacancy and stayed that way for years. think PHX   VEGAS  parts of ATL  parts of FLA  inland empire of CA .. in other markets 10 to 20% was common.. but as we sit here today I don't think many are predicting such a pending economic failure as 07 to 2011.and again it was regional..

So we bought land in marcellus shale decades ago....8yrs ago we got a lease agreement for a well for 5yrs - $GOOD DAY$....8yrs pass, shale is out of vogue in america for environmental and oil business/economic reasons. 

I realize there are more economical options in the far west, but I'm trying real hard to not contribute to our inversions.OR2.)

I am currently looking into my local market, economically, renting vs. flipping, school ranking etc...

So even a smaller change in economic conditions can have a greater impact at the higher price points, than the median price points, since it only takes disrupting so many less people to make a big impact..While many people on here often see me saying I like the more expensive type rentals.....my rentals tend to be right around or just below the median price point for my market, and thats by design.

Of course we're looking for that unicorn OZ that is not currently depressed and still has room for more economic expansion.