@Mindy Jensen Well I just listened to the podcast while doing my morning run today.
Here are some interesting points that were brought up. It's something I have been thinking about for a while.
Smaller markets tend to have far less competition when it comes to large multifamily. Both Meghan and Brandon Turner were able to find great multifamily deals in smaller markets and were able to find owners willing to finance the purchase.
Keeping that in mind, I am broadening my horizons and looking outside the major metro areas at smaller markets for apartment deals. I still want to focus on areas with strong diversified economies, but if my plan is to grow, I need to look beyond the cool flashy major cities where bidding wars break out and property owners are not as flexible.