I lived in it for a year and loved the location.

@David OvercashRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

Recognize if you are relying on non enforcement of rules, you are taking on a risk (investing is largely about calculated risks).Enforcement may vary by location but should not. 

Location, location, location!  

I have a second property manager for a property held personally in another location ("Hammond")Personal Stessa, S1, connects to Hammond, no problem.

Also, while it won't cashflow right away, rental rates will continue to rise and in 3-4 years it will very likely be a cash-flowing property (it's in a prime location with tons of upside and development going on around it). 

Companies avoid locations with high operating costs from taxes, insurance, and over-regulation.

Solid SFH house in the appreciating location with 10% off from the initial listing price.

Once you’ve identified STR friendly locations, figure out your financing with your brother to help narrow down your price range and market options.

I'm a beginner and I'm looking for tips on how to perform a proper market analysis on houses to buy and hold long term and rent out.Right now I'm looking through all the MLS websites and finding properties in locations and within my price range.