I think you have to look at the strength of the market.. much of what has driven PHX was new construction and all those workers that lived in the apartments.. in 04 clients of mine ( I did not broker them linda gerchek did)  bought 4 plex in PHX for 350k each by 2010 they were 100% vacant and selling for under 100k.. now granted rising tide raises all ships.. but in the other areas you mentioned they are not as susceptible to wild swing in valuation when new construction slows way down or comes to a half. 

For those homes that are insured, they will get rebuilt with insurance proceeds but the permitting process is very slow in Ventura. 

You fluctuate for a month or so until you are stable.SEO is a slow process they say.I say.. mybe.

Then take a deep dive into each market and NEVER invest with a gun pointed at your head. 

Since then I have had a few more acquisitions but now we are slowing down and I still want to push and keep growing.

And more states are jumping in for the sales tax. (2) postal delivery costs have gone up a lot and will continue to rise; (3) slowing delivery - those one day delivery will never come back even after the pandemic.

Please give me deep links.

If you aren't concentrated in one region of the country, you're less likely to get wiped out by a regional black swan event (weather event, economic slow-down, etc.)Operator: There are a lot of good syndicators out there, there are a lot of bad ones.

Up and coming market, large properties in this area, multi-family property, high cap rate and we purchased it at deep discount.

I breathed deep, no sinus pressure...I get a hunch that maybe it was the medicine.