You need to evaluate the HOA and its management, with a focus on the reserve account percentages.

This will cause population growth as people look for affordable places to live.What lesser-known markets are you currently researching, and what specific metrics are you using to evaluate their potential?

I see no value in it for evaluation.Realestate.com has always been a good site for accessing properties, but they do a poor job of evaluation. 

First, it fast-tracks your learning as an investor - you are forced to develop better time management skills, build your network of reliable contractors/ handymen, etc..Second, when you are ready to transition to a property manager, you are well equipped to evaluate and hire the right company.3.

I like that you pointed out all the positives and negatives for a fair balanced post that will help other investors evaluate future options.I have been posting for a while on how hard the North Alabama market has become, and this post shows a good example of it. 

This is not yoursituation, but just to walk through the different thought processesin Holding/Selling that a friend of mine is going through.Helped my friend getinto the Self Storage business and walked him through the wholeprocess from evaluating the market, selecting a site, developing thesite, systems, financing, insurance, etc.

To properly evaluate the condition and determine the cost of renovations, always have a professional inspection done before making a purchase.4.

I went through something similar - evaluating what accounting and tax solution to use after I got to 3 rentals/2LLCs and wanted to stop using spreadsheets.

Then, speak to a lender or two and ask them to help evaluate your deal! 

I evaluate the performance of every income generating property that I own.