Hi! I came up with this question after trying to get a land in order to build wooden cabins for rent near the city I live. I was wondering if i should buy near a dam, or a lake, or far away for them, or near the mountains, which specifically in this city have higher risk of being burned, where will i get the better profit from rental...
Then i decided to start building a platform to look for nearby hospitals, schools, parks, etc and cross this information with rental prices in order to assist me when taking this decisions. I have made a really raw proof of concept and i was looking for other interesting tips to invest which i could automate somehow.
So, what would be for you the main things to look about the area in which is going to be your next property? Mine would be:
Avg sell prices
Avg rental prices
Historic of sell prices / rental prices
Number of nearby places. And i would make the difference if, for example, the house is for living, would be nice to have schools, parks and bars nearby.