Population growth is just one factor to consider; another would be rent demand and commanding prices in the market. 

@Rajiv BmI am a real estate agent and investor in the Houston market.Katy, Cypress, Spring, some parts of Houston, Conroe, Tomball, Pearland are great markets.Rent growth and appreciation is steady.These cities tend to command quality tenants, and they have great schools.Good Luck!

I do wonder if them using the security deposit can command additional monies besides that.

@Michele VelazquezI would also highly recommend Houston Texas.I personally have rentals in Houston and the surrounding areas of Spring and Conroe.These areas tend to command quality tenants and they have great schools.Also real multifamily investing is very vast and learning about it as much as we can always helps.A local Investor-Agent can help shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

All RE is local and neighborhoods can command different rents and prices just blocks from each other within the same cities.

Aaaand it's the "THE SKY IS FALLING" post of the week, yet again.......I get it, fancy people with grand titles speaking of all there superior command of the numbers and math and what not, that they have there crystal ball upon "The Hill" and we simple-simple people just need to turn off our brains and follow. 

Homes right on the beach can command even more!

Student rental leases seem like they can be very profitable considering you can command higher than market price rents in the same house as if you did a traditional lease.

(heavy rehab deals, flips, personal lending, etc)6,000,000 - Multifamily Syndications - With lower risk, greater diversification, and a 7% annualized preferred return paid out monthly, That's 35k/mo in true passive income while the invested principal is doubling or better every 5 yrs.I wouldn't spend a dime of the principal on houses, cars, fun, OR CHARITY because I can do that with the cash flow and end up giving more in the long run :)This strategy follows the commandments of investing:1.

I am a real estate agent and investor in the Houston market.Katy, Cypress, Spring, some parts of Houston, Conroe, Tomball, Pearland are great markets.Rent growth and appreciation is steady.These cities tend to command quality tenants, and they have great schools.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!