For a growth market to be growing, you need a lot of job and population migration. 

Audrey - Dave might disagree or add more context, but I think that predicting 5-year rent growth is a bit like forecasting the stock market 5 years from now. 

Especially for things like population growth/decline, economic trends etc.And what things do you recommend checking when trying to decide whether a location is a good place to invest.

Do you prioritize equity growth or cash flow in your investments?

I happen to know that Preston Despenas, one of the partners of Growth Equity Group, is still doing real estate in Texas.

In areas like Dallas or Fort Worth, I’ve seen professional cleaning range from $300–$600, especially when dealing with pet-related cleaning like removing cat hair from carpets.

Property Appreciation: For long-term holds, I always compare rent growth with broader market appreciation.

Your property is fairly destruction proof, costs near nothing to maintain, yet you can charge above market rents.If your property is nicer (class B) where the carpet alone might be $6k or more to replace when the tenant spills hair dye everywhere, you won't be as happy as in the situation above.  

Starting all over from scratch... my gray hair is turning back black....LOL.   

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