Evaluating Rental Markets

[Anshul Jain]

I've been looking to do my first out of state multifamily deal this year, and am curious to hear how others evaluate potential markets to look at. 

I have a long list of potential cities, but am having a difficult time narrowing that list down using any sort of consistent standards. I'd love to hear how some of you have faced this challenge, especially going into your first deal.