I'm looking at expanding into out of state and just trying to figure out what questions I should ask/data I should gather to make an informed decision!

. 😉  Lack of investment capital (money) ought never be the obstacle because if the deal is right, the money will always appear.Then, you’ll need great data sources both for identifying opportunities and confirming the facts.

Now I’m sure BP has all the data and statistics to so h the know better than me what people like and want to hear.

Here's a few things that help me: For macro industry trends, I like the STR Data Lab podcast by AirDNA and Jamie Lane. 

You don't provide enough data to know.Every product is only worth what you are willing to pay for it. 

Below is the quick data I pulled.  

Im trained enough myself at this point in QBO, but my bookeeper still does the more complex entries (Loans, capital balances, reconciliation, etc) I just do the data entries for expenses. 

They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.

Some might not be livable at purchase but 5k still seems cheap unless there is something off with the data. maybe the prices were reduced on unlivable properties due to back taxes being part of the deal for the purchase.

However I don’t have any real data just a personal opinion.What’s your thoughts?