Try searching the following:YOUR CITY or COUNTY + Economic development plan Transportation plan Transportation improvement plan Regional impact project Economic development impact project Strategic master plan Market analysis Residential demand drivers Economic demand drivers Economic development risks and opportunities Migration patterns Gap analysis Demand projections Market study areas Employment snapshot Development snapshot Transportation snapshot Growth snapshot Crime snapshot Employment growth projections Opportunity areas or areas of opportunity Opportunity zones Development grant opportunities Those are some of the search terms I use when identifying the areas to in which I’ll invest.

The PM, owner or otherwise, IMO should be signing as Agent for ________/Owner.This facilitates easy migration from PM#1 to PM#2 and/or total retraction from using a PM. 

The key here is to focus on net-migration and job diversity.

. 😊😊😊 Look at areas with favorable demographic trends for population & job growth, construction, income and education levels, median home price growth, migration trends, age.There's all kinds of data, reports, and articles about growing real estate markets online.

The Lower your tolerance for Risk, the more you will not do things to achieve that luck, such as buying at a negative cash flow.HOWEVER, if you do your Economic Analysis and apply your Future Value Financial calculations using a pro-forma 10 year projection business plan spreadsheet, you are looking just for DUMB Luck.BUT, when you build your analysis, apply intelligent assumptions, such as checking with City Planning to find out what Projects have been approved, finding out the future outlook of the industries that support jobs in your area, looking at migration of people (ie... it's fairly predictable that NYC will have a NET inflow of people especially due to Climate Change.

This is likely because they're so pricey that not many people can afford to move-in.However, if a lot of the inward migration is a certain higher-income demand segment, then maybe the trend could change course in coming years. 

Jobs are scarce, and the state's tax and business environment is brutal (hence the migration).

@Pj Arora,I have multiple small multifamily construction projects going on in DFW market.In-migration is still continue in DFW and expecting no sign of slowness in near future.Finding zoned lot is little challenging, but possible. 

Demand Drivers: corporate HQs - project/business travel, large construction projects, relocation travel - significant population in-migration, military/government, large hospitals - travelling nurses/doctors and overnight patient stays, training hospitals, cancer centers, leisure travel, universities, high occupancy in extended stay hotels, supply constraints, close to transportation corridors, shopping, and entertainment, high cost area (housing, rents, hospitality)

I personally like to focus on subdivisions, or areas that are close in proximity to suburban towns and/or other subdivisions in Detroit that have "popped" so that I can capitalize on future migration.