They'll provide the real insight, but here are some metrics I look at:-Population growth-Job growth with higher wages-Business friendly-Diverse economy-Strong occupancy rates-Acquisition price-to-rent ratio-Landlord friendly-Infrastructure development-Lifestyle amenities-EducationBest of luck!

So you want somewhere with strong growth and job diversity that will be able to handle the coming national downturn.

Booming and diverse: tech, mining, oil refineries, ski industry, universities, hospitals, and low taxes.

While I feel like Denver will continue to stay high on that list for a little while (the diversity of our economy, the tech money coming in, the potential for mushroom exploration make it a multi-faceted place), I would note that in Denver, the rents have not met the mortgage yet, so it's very hard to get good cap rates or cash flow in Denver- despite the demand. 

Not that I have any issues with the market, but getting some level of geographic diversity would increase your safety.

Just because it looks like a cheap deal, the numbers look good on paper...do your research and make sure it's a solid market with a diverse economy with potential.  

If you select a market with population growth, jobs and wage growth, a balance between supply and demand and a diverse range of employers you will do just fine.

Typically the more diverse the local economy is the stronger it is.

@Joe VilleneuveLong term goals are simple, excellent and diverse positive cash flow and assets to fund a somewhat early retirement.

Some of the basics to look for in a area are:Population growth Job diversity Crime ratesCost of homes vs rent priceJust ask google about the first two and most of the bigger listing websites can give you the last two....realtor.com trulia.com Zillow.comHope that helps.