Community development influence on potential properties

[Eric Harris]

Hello everybody.  New kid on the block. Extreme novice when it comes to rental property investing, but I'm going to claim it as my new niche.  My question is in regards to community development projects and its influence on potential properties.  I'm sure this is something that will vary by city, but generally speaking, where does one look to find out where the next public transit system will be built, where the new Mercedes factory will be, and the like (stadiums, amusement parks, etc)?  Where should I be looking?  

My home is in Atlanta, but I'm from St. Louis.  Wondering as I get started if it would be easier to acquire properties from St. Louis as I have a 27 year history there, versus 6 in Atlanta.  As far as I see, there are not many smaller multi-family properties in/around Atlanta, but they are everywhere in the Lou. 

Help. Thanks.  

Eric

[John Ford]

In Atlanta, the Atlanta Business Chronicle is a good place to look for news about projects expected to affect the city.