Educate Me: Considering Investing in Texas

[David Avetisyan]

I am considering looking at buy-and-hold out of state investing for a purchase of a multi unit building between 16 - 30 units. I am currently focusing on Texas in particular.

I am looking to invest in cities with the following considerations:

- Solid B / B+ zip codes

- Warm climate but no danger zones

- Densely populated areas

- Mixture of both blue and white collar population

- Continued job growth

- Population growth

- Hot rental market with many renters vs buyers

- Low vacancy rates

Please educate me on zip codes I should look at, what average rent rates are for 1 & 2 bedrooms, and what I should expect to pay per door.

Also, please share any other pertinent information you feel may help me make a smarter decision.

Thanks in advance