Dear all looking for your help and advice1)Single home2)ROI not cash flow- highest potential appreciation3)Excellent high school4)Connectivity to DT (high way access, public transport)5)Budget 300,000-400,0006)Prefer new construction (pls recommend builders)Thank you so much 

But, depending on the property you’re buying, you may not need to review every single one of these (this is where a real estate agent or broker can be helpful as well):Population and job growthHousehold median income trendsAccess to public transportation and amenitiesNeighborhood and school rankingsUnemployment rateCrime rateBusiness openings and closingsNew development activity that could help or harm your intended investmentProperty value trendsFair market rent trendsPercentage of renter-occupied householdsMarket vacancy trendsGross rent collectedMaintenance and repair expensesUtility expensesProperty management, leasing, and advertising feesInsurance expense including past insurance claims, need for flood insurance, and the cost of homeowners and landlord insuranceProperty taxes and potential increase due to change in ownershipProof that any sales tax collected on rent has been remitted and is up to datePhysical property inspections including structural and mechanical, wood-destroying organisms, radon, and lead-based paintTitle commitment on the property and legal descriptionMost recent ALTA (American Land Title Association) surveyZoning or use certificate for property in rural or unincorporated areasNew survey, septic report, and well water report for rural propertiesPhase I environmental report for property near industrial areasHOA covenants, conditions, and restrictionsHOA financial reports including P&L and balance sheetReview of seller financial statements including a copy of the seller’s tax return to verify income and expenses are true as reported to the IRS going back two or three yearsReview of tenant file including the lease terms and conditions, deposit amount, tenant application, and background and credit checksCopies of existing service contracts such as landscaper or current property managerList of all outstanding invoice and proof of payment for all work recently doneLien search to verify there are no existing worker’s liensHistory of insurance claims on the property going back three yearsVerification that property appraisal is for at least the contract purchase price if not moreCompare your pre-offer pro forma analysis to the seller’s reports to make sure the deal still makes sense.Good Luck!

You need to be targeting homes in desirable areas of town, with strong economic bases-all of this needs to be close enough to public transportation your tenants are going to want to actually live there.If you buy a great deal in an area nobody wants to live, finding tenants to help you House Hack is going to be an uphill battle.

I'm applying for the 2nd with Transportation Federal Credit Union.

Specifically in terms of choosing investment locations, you'll want to consider demand drivers like: major employers/employment opportunities; population growth trends; demographics; safety and school ratings; proximity to major transportation; and more.

Gotta pay for your infrastructure somehow, unless we elect to have a society without schools, libraries, transportation, first responders, etc., etc.   

Everyone is promoting it because it is unregulated. 

Military pays for transport. 

These areas are trading at a discount to Bushwick and Bed Stuy, but offer a lot in terms of amenities such as cafes, gyms, transportation options, etc. 

The savings on labor and material by being factory built are often offset by the transportation cost to get the house to the lot.