Market Research

[Michael D.]

I'm an out-of-state landlord with properties in two different markets. Both of these markets I ended up in somewhat by accident, though I did do some basic research on them prior to investing. One has worked out very well, the other not so much.

I would be interested in continuing to invest in one of these markets, but I think it may also be a good idea to diversify into one more market instead. This time I'd like to be a lot more deliberate about finding that market though.

How do you all go about finding new markets to invest in, and how do you evaluate them? (I'm a buy/hold rental landlord).

Are there any markets in particular that are great for buy/hold, high cap-rates that I should be looking at right now?