Like others have mentioned, there are definitely areas that make more sense than others depending on if you want to focus on cashflow or appreciation (just like with any investment).

I am definitely focused on appreciation over cash flow.

@Brian LuterYour focus on small multifamily and land acquisition is a strong strategy, especially for scaling and long-term value creation.

@NA NASince this is your first purchase, focus on finding a property where the numbers work, rather than just any deal.

I focus on land and mobile homes.

We work hard to keep things positive and real estate-focused (no politics or religion).

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I've stayed within this niche moving forward which has helped me to focus and find deals easier due to my familiarity with the niche as a local investor. 

It's more important than doing individual property analysis, because when you do a proper market analysis, you are analyzing ALL of the properties in any market(s) at the same time.Now, one of the analysis "pitfalls" is not understanding what defines a market, or more importantly, a Micro-market.Another problem is focusing on one strategy, and trying to fit each market/property. 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).