How to Determine a good market to buy rentals?

[Lewis Fisk]

Hi BP Gang, 

I am looking to purchase my second BRRR and I am looking around at different markets.

I am trying to obtain some sort of checklist or list of demographics/indicators that would help me determine the market I would like to invest in!

Any input would be much appreciated!!

Lewis

[Daniel Sanchez]

Howdy Lewis, 
I am a young professional in the College Station area but I hope my two cents helps. I believe when investing in real estate one of the main indicators you want to gauge is the economy. The underlying economic resilience of the area is derived from demographic (population) growth and median income. If any market has strong population growth and growing median income this forms a deadly duo. Not only will there ultimately be a housing shortage but incomes will be rising to elevate rents and appreciation. 

Cheers!