It wouldn't hurt to set up time to meet with agents, property managers, lenders, and others while you’re visiting your markets of interst.

My market is houston text.

I'm also concerned about the real estate market as a whole.

It is hard to pin down specifically, but that seems to have been a factor in a few of the ARV-Appraisals that I've seen and has impacted the refinancing process.Otherwise, it has been a great market for my clients, great cash flows and repeatability which has really helped as they have scaled.

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

Do you have a team built in any other markets?

What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

@Linda PhamAll our midterm rentals are in Colorado as are our clients, so I don't know Houston's market.

Found it through a broker on the market.