Choosing a market when investing in multifamily out of state

[Anthony Bielecki]

Hello all,

To anyone out there who is currently investing in multifamily properties out of their home state, how did you find and choose the market you invested in? From books and articles I've read here on BiggerPockets, I'm comfortable gathering information to help determine whether a market is favorable or not, but I'm overwhelmed by the sheer number of choices when investing out of state. Obviously I can't look at the CAFR for every city in the US or even a single state. Any suggestions for narrowing it down would be greatly appreciated.