Ideally, you want middle class neighborhoods, low crime, decent schools, easy proximity to transportation, retail, etc.Then, knowing how much you can afford, you can start looking for potential properties in those areas.In the meantime, while you’re saving the money, continue reading and learning.

Hotel rules generally come into play when there are significant additional services being included in the rent, such as daily maid service, meals, provision of transportation, provision of personal items such as towels, soap, etc. 

I am fairly new to the investing scene and not nearly as experienced at it as others but I personally have taken things a little different regarding transportation.

I would just add some market considerations, such as distance to public transportation.

Some things I've heard as components of criteria: - Population growth- Rent to Income ratios - Low crime- Good schools- Close to public transportation- Only in [State]- Price per square footThanks!

The site 1031corp explains all the ways the elimination of 1031 affects us, down to public transportation costs, airline costs, and more.

How close is it to public transportation?

By decent areas we look at mainly school ratings as well as closeness to major transportation.

I tend to look at properties bordering the Hudson River opposite of midtown Manhattan since the transportation and commuting options in the area are the main drivers.

This market is dependent on incomes and so both general ( National and International) economic conditions, local investment, infrastructure ( transportation links, services, the things that make it easy to do business), diversity of local industry,local government ( policies, leaders etc.) but also it is very dependent on where people want to live.