Evaluating future value of a certain area/neighborhood

[Mauricio Quintana]

Hi all,

Curious to get different perspectives on this topic. Since BRRRR is more related to long term wealth building versus short term income, I have a question for those seasoned investors who have done BRRRR. If you are in a new city or somewhere you haven't lived long enough to witness the gentrification first hand, how do you evaluate future value of a neighborhood?

A couple of specifics questions:

Schools:  Do you evaluate elementary, middle and high school as one school "district" or is one more important than the other?  Meaning if elementary has high ranking and middle school same but high school is bad ranking, does any one matter more than the other?  Is elementary more important than high school or vice versa?

Land value:  Do you look at tax records and see how much the government has evaluated the land to be worth?  If land has doubled in taxable value in the last 10 years, is that a good sign?   Or do you have a different % of value increase in a shorter/longer time window?

Miscellaneous question: Do you prefer to BRRRR on single family or multi-family units? Why?

Thanks in advance!