Look at what similar homes are selling for that are rentals as well and what they're renting for in the neighborhood.

I was shopping hard for an OOS opportunity last summer in GA and honestly grateful I went 0/15 on offers.

I used CE Shop and they are nationwide. 

HOA, shopping center,  or neighborhood restrictions?

HI Renee,Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

If you buy in a popular market, particularly in a Grade A neighborhood, you might experience negative cash flow.

New neighborhoods can be brutal on investors with rules. 

Quote from @Tessa Booth: I’m planning on doing some Black Friday shopping for some tools/gear to use for doing some rehab work.

Maybe shop around for different banks.

2.Downloaded a list of multi family owners from Listsource.com3.After receiving the list I searched for phone numbers and began looking up every property (assessors website and Zillow) and becoming familiar with the neighborhoods.