How do you know if a market is a good deal? Like, jobs, entertainment, etc.

[Cloey Green]

I am finally choosing to start on my REI journey. After some extensive research, learning the market is obviously a must know or have an idea about. My question is, when picking a good market, what are the kinds of things do you look for to determine if it is worth investing in?

[James Mc Ree]

Be careful to avoid analysis paralysis. In depth knowledge of a city's economy is not necessary if you are buying a single SFR. Some knowledge is helpful for sure, but you don't need to become an economist. Location and paying attention to Nathan's points above about the immediate area are more important. Consider sourcing a local REI group for that info.

I recommend evaluating your local area first since that is what you are most familiar with and most accessible. The local property will give you practical management experience.

You might do better buying a REIT if you are planning to buy single properties far from home.