There tends to be a prevailing focus on markets with growing population and job growth as the places to invest. While this makes obvious sense, these markets are much harder to identify discounted opportunities and often promise lower returns. That’s why smaller, older markets with less competition sometimes offer better returns, especially when you have an operator that specializes in the market. Axel Ragnarsson, Founder of Aligned Real Estate Partners, owns 200 units in Southern New Hampshire with complete vertically integrated property management that translates into lucrative returns. Axel is also specializing in Central Florida between Tampa and Orlando with similar success.