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Updated over 5 years ago,
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Hi BP,
So I'm trying to narrow down my top 5 market choices for buy and hold rentals and am having a tough time walking the line between scalability and stability. The goal is to scale to 10 stable doors by 2021. With cashflow being 250-400 per door. See below for some quick data I threw in a spreadsheet.
My ideal area has steady population growth as well as steady job growth and low unemployment. From the data above, the only area that matches this criterion is Hunstville while the others seem to strike out on population growth.
The way I interpret the data is that Huntsville seems like the clear winner...until you get to avg. home price. It seems as it's going to be a bit tougher to scale when the average home price is almost double the next on the list.
I'm completely aware that REI is very personal, but wanted to get a few fresh sets of eyes on the data to see if there are any other interpretations that I may be missing.