., cities without significant and sustained population growth), every investment dollar must come from your savings.As in the prior example, if you require 17 properties and each property costs $250,000 and your only acquisition cost is a 25% down payment, how much capital will you need?

While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.Housing Market: 77008 features a higher percentage of family households (52.39%) and married-couple families (44.77%), suggesting stability and potential for property appreciation.Digital Advertising Demand: Houston Heights apartments (77008): 50,000 average monthly searches.

The truth is most methods work - cold call, direct mail, referral programs, driving for dollars, etc.

You might want to visit Detroit if you have not, and drive around the different streets in the city- but I warn you it is very dangerous in many parts.

I mean drive up and down the Eastern part of the state until you find an area that has not been completely discovered.

My focus is on properties that are slightly positive in cash flow, while also offering capital appreciation potential, and ideally being self-sustaining in the long run.During a recent visit to LA, I didn’t quite feel confident about the current state of things there.

I can't figure out what the economic forces are in the community driving the high rents and relatively low purchase prices.

I remember I used to drive by my first rental property often just to make sure... - IDK, that it was still there??

They don’t want to drive more than an hour each way every day.

As long as you have the knowledge, drive, and a great/qualified team to work with, you can find success in most places.