Picking a New Market: What to Look For
Hey y'all,
I am moving to a new city (East Lansing) and looking to house hack a property nearby. My goal is to begin sometime early next summer (of 2018), but it really depends when I can find a good deal. 48824 is my preferred zipcode, but there are funny rental restrictions there and property is fairly expensive for my ability to finance (with an FHA loan). My hope is to acquire a multifamily, but I could settle for a single if the price was right. I am trying to decide which neighborhoods in the area I want to look for a property in.
What are the things you should look for when picking a new market to become a part of?
Thank you! Would appreciate any tips you have.