It's not just the building but all the additional aspects of crime, migration, economic strength, schools, etc.If you follow the foundation of "minimum break-even" as a starting point the strategy comes down to what your goals are.I and most of my mentoring clients aim for a certain monthly passive income within the residential real estate financing frame (SFR - 4-plex).

Web-references share quarterly details of Net migration.Is there a way to further ramify the data as:

> Tenants vs Home-buyers for Incoming population migration.
> Tenants vs Home-Sellers for Outgoing popu...

You should be looking for migration patterns of people. 

I recommend prioritizing unemployment statistics and net population migration in the region.  

Then this happened…(I had many of my tenants on cozy.co and as you may know it had been migrated over to apartments.com.

Then as you scale, you can migrate to something more sophisticated. 

You would want to invest in markets that people are migrating into. 

There is a net migration TO San Antonio. 

Look at places where there's positive net migration and plenty of job opportunities in industries such as healthcare and education.

All of the submarkets have strong fundamentals and are seeing an influx of people.Also, I'd consider buying 2 houses in Charlotte instead of splitting with NJ due to future migration and lower taxes.