Analyzing the market

[Justin Beides]

Hey everyone! I'm fairly new to the BP community and it's awesome to meet you all! I'm learning the ins and outs of real estate investing and plan to acquire my first property within the next 2-3 months. To give a little background, my aim is to focus mainly on BRRRR investing using what I've heard in the podcasts referred to as the "Stack" method: starting with SFH and working my way to small MFH and eventually Commercial MFH. I just have a couple of questions if anyone would be able to help. 1.) What factors are there to consider when analyzing a market in terms of what states are hot to buy in and which states aren't at a given time? 2.) What is done to follow these trends in order to make the most educated decision possible to minimize risk and make the most informed deals possible? 3.) Are there any books anyone would recommend to look into in regards to this topic? I appreciate anyone taking the time to help and if there are any questions, etc. I can help with I will do my best to lend a helping hand if at all possible =)