@Priyanka K.When investigating new markets I look for things like population growth (upward over the last 10 years)Job growth 1% or greaterUnemployment =< national averageper cap income 20KHousehold income 3 times annual rentnumber of households (in comparison to other markets) Favorable government policies (is the local government looking to attract business) those numbers will give me a sense of the macro market.

The main issue I think you are going to have if you move forward with this property is the only insurer that will take a property that has had a recent loss is the (National Flood Insurance Program) NFIP or government program (What is the NFIP?). 

Of course, you need to first check with the rules and laws that govern your responsibilities as a landlord.  

I find this to be better (at least for me) as I don't have to mess with the various government process (which tend to make me ill)

They will do things that you could never imagine tenants would do.Keep in mind you are actually renting to the government and baby sitting government wards.

Specifically about the Job and Population growth, Vacancy rates, New building trends and general health of the Multifamily sector in NM.

Why is that.Is there a reason for you not learning the regulations that govern your business in advance.

"Parent" Series LLC is officially registered with the Secretary of the State, becoming a publicly filed entity, and is governed by an Operating Agreement4.

Last month or so, the conversation for Rent Control has been on the table for the State Government.

In as simple of terms as possible, loans break down into conforming/conventional loans governed by freddie and fannie and commercial loans that banks write and hold themselves.