Market Research: What methods do you use to analyze and understand your target market?

I like being able to target the ones that are 1) out of state executors 2) only 1 heir 3) in my favorite farm area.

A fairly reliable wholesaler who buys across the country, and spends $100,000 a month on advertising, also trains people to be wholesalers.

Maybe advertise in NYC where people look for vacation homes in FL.

Any investment real estate will work as a potential 1031 exchange target, including LTRs, apartment complexes, commercial properties, undeveloped land, DSTs and so on. 

Second, pick a Class of properties to target in that market:Our OPINION for the Metro Detroit market (always verify each area for yourself!)

I met the bank appraiser during his visit, and he shook his head at my purchase price in amazement.A year later, a duplex, now valued at $240K was advertised in the papers for $180K, also by an agent.

Target renovations that appeal to the local workforce and lifestyle.

Small investment but I think a big payoff if you have to advertise that you have no internet service.Hope that helps!

Look at properties up for rent in the neighborhood that are advertising for the rent you are looking to achieve.