Determining where to buy a multi-family

[Sippy Hira]

Hi All - I've been a BiggerPockets member for a few years now with the intent of starting my real estate venture 3 years ago. Well, it didn't happen, but we just did our first investment through a syndication group in October (YAY!!). We would like to purchase our 1st multi-family in 2020. We are open to out of state investing, but are trying to figure out how to determine / narrow down what states are options for us. Would love any guidance/food for thought on this. 

Thanks! 

[Taylor L.]

Joe Fairless's book on multifamily syndication has a guide on how to select markets. It's a good read and the content is actionable. It's going to take a lot of work, trips to the market, and many deal analyses!